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Meiwa, First Half Ordinary Profit Increases by 21%, Jul-Sep Ordinary Profit Increases by 6%

Fri Oct 31, 2025 1:30 pm JST Earnings

8103 Meiwa Corporation 【J-GAAP】

Earnings Report

Meiwa Corporation <8103> [TSE Prime] announced its financial results in the afternoon session on October 31st (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 20.5% from the same period last year, reaching 2.23 billion yen. Progress toward the full-year plan of 4.00 billion yen was 56.0%, also surpassing the five-year average of 44.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 33.8% from the same period last year to 1.76 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 6.5% from the same period last year, reaching 0.83 billion yen. The operating profit margin remained almost flat, changing from 1.9% in the same period last year to 1.9%.

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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 74,992 1,229 1,583 971 23.3 39.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 78,157 1,499 1,857 1,321 32.4 41.1 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 76,713 2,168 2,238 1,512 37.6 56.0 Oct 31, 2025 J-GAAP
YoY -1.8% +44.6% +20.5% +14.5% +16.3%

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 － 0 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 76,713 2,168 2,238 1,512 37.6 0 Oct 31, 2025 J-GAAP
Revision Rate － － － － －

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 78,570 2,069 2,663 2,055 50.7 42 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 83,287 1,032 1,762 1,488 37.0 38 Oct 31, 2025 J-GAAP
YoY +6.0% -50.1% -33.8% -27.6% -27.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 158,279 2,970 4,032 2,754 66.1 34 Apr 30, 2024 J-GAAP
Mar, 2025 156,727 3,568 4,520 3,376 83.3 42 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 160,000 3,200 4,000 3,000 74.6 38 Apr 30, 2025 J-GAAP
YoY +2.1% -10.3% -11.5% -11.1% -10.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 38,415 719 786 565 13.8 1.9 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 42,198 1,315 1,643 1,125 27.7 3.1 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 36,372 754 1,020 930 22.9 2.1 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 38,828 1,441 1,401 983 24.5 3.7 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 37,885 727 837 529 13.2 1.9 Oct 31, 2025 J-GAAP
YoY -1.4% +1.1% +6.5% -6.4% -4.9%

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