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MITSUI E&S, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 12% Increase, Dividend Revised from 30 Yen to Undecided

Wed Nov 12, 2025 2:30 pm JST Earnings

7003 MITSUI E&S Co., Ltd. 【J-GAAP】

Earnings Report

MITSUI E&S Co., Ltd. <7003> [TSE Prime] announced its financial results in the afternoon session on November 12th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 22.7 billion yen, an increase 70.8% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 34.8%, from the previous forecast of 23.0 billion yen to 31.0 billion yen (compared to 27.7 billion yen in the previous period), turning to an 11.7% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 42.8% from the same period last year to 8.26 billion yen.

At the same time, the plan for a annual dividend of 30 yen has been changed to undecided.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.7 times that of the same period last year, reaching 12.5 billion yen. The operating profit margin drastically improved from 6.6% in the same period last year to 12.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 135,536 6,646 5,903 4,001 40.3 28.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 145,041 9,216 13,310 32,285 318.1 48.0 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 165,548 19,801 22,734 17,531 173.8 73.3 Nov 12, 2025 J-GAAP
YoY +14.1% +114.9% +70.8% -45.7% -45.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 15 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 165,548 19,801 22,734 17,531 173.8 15 Nov 12, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 340,000 24,000 23,000 20,000 198.2 30 May 13, 2025 J-GAAP
Mar, 2026 New 340,000 30,000 31,000 26,000 257.7 － Nov 12, 2025 J-GAAP
Revision Rate 0.0% +25.0% +34.8% +30.0% +30.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 170,071 13,914 14,446 6,789 67.0 20 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 174,452 10,199 8,266 8,469 83.9 － Nov 12, 2025 J-GAAP
YoY +2.6% -26.7% -42.8% +24.7% +25.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 301,875 19,630 20,711 25,051 255.7 5 May 14, 2024 J-GAAP
Mar, 2025 315,112 23,130 27,756 39,074 385.4 20 May 13, 2025 J-GAAP
Mar, 2026 Guidance 340,000 30,000 31,000 26,000 257.7 － Nov 12, 2025 J-GAAP
YoY +7.9% +29.7% +11.7% -33.5% -33.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 74,979 4,917 4,654 3,492 34.4 6.6 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 73,705 4,540 5,980 2,909 28.7 6.2 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 96,366 9,374 8,466 3,880 38.3 9.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 81,151 8,896 10,148 7,214 71.5 11.0 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 84,397 10,905 12,586 10,317 102.3 12.9 Nov 12, 2025 J-GAAP
YoY +12.6% +121.8% +170.4% +195.4% +197.2%

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