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MISUMI Group, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 7%, Dividend Revised Upward by 4.39 Yen
9962 MISUMI Group Inc. 【J-GAAP】
Earnings ReportMISUMI Group Inc. <9962> [TSE Prime] announced its financial results in the afternoon session on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 19.1% from the same period last year to 20.3 billion yen.
However, the full-year forecast for consolidated ordinary profit has been revised upward 6.9%, from the previous forecast of 43.3 billion yen to 46.3 billion yen (compared to 49.9 billion yen in the previous period), and the declining rate is expected to decrease from 13.2% to 7.2%.
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 grow 5.0% from the same period last year, reaching 25.9 billion yen.
In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 39.25 yen to 43.64 yen (compared to 43.21 yen in the previous period).
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 10.1 billion yen, a 17.7% decrease compared to the same period last year. The operating profit margin decreased from 11.7% in the same period last year to 9.4%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 180,094 | 18,515 | 20,007 | 14,185 | 50.2 | 48.5 | Oct 26, 2023 | J-GAAP |
| Apr - Sep, 2024 | 198,022 | 23,390 | 25,221 | 18,200 | 65.2 | 50.5 | Oct 25, 2024 | J-GAAP |
| Apr - Sep, 2025 | 205,814 | 19,618 | 20,397 | 13,997 | 51.1 | 44.1 | Oct 31, 2025 | J-GAAP |
| YoY | +3.9% | -16.1% | -19.1% | -23.1% | -21.7% |
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 | 204,000 | 19,400 | 20,000 | 13,900 | 50.9 | 17.71 | Jul 25, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 205,814 | 19,618 | 20,397 | 13,997 | 51.1 | 18.02 | Oct 31, 2025 | J-GAAP |
| Revision Rate | +0.9% | +1.1% | +2.0% | +0.7% | +0.3% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 422,000 | 42,900 | 43,300 | 30,800 | 114.6 | 39.25 | Jul 25, 2025 | J-GAAP |
| Mar, 2026 New | 432,000 | 45,500 | 46,300 | 33,900 | 126.2 | 43.64 | Oct 31, 2025 | J-GAAP |
| Revision Rate | +2.4% | +6.1% | +6.9% | +10.1% | +10.1% |
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 | 203,965 | 23,090 | 24,680 | 18,349 | 66.2 | 23.38 | Apr 25, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 226,186 | 25,882 | 25,903 | 19,903 | 74.1 | 25.62 | Oct 31, 2025 | J-GAAP |
| YoY | +10.9% | +12.1% | +5.0% | +8.5% | +11.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 367,649 | 38,365 | 41,265 | 28,152 | 99.8 | 27.47 | Apr 26, 2024 | J-GAAP |
| Mar, 2025 | 401,987 | 46,480 | 49,901 | 36,549 | 132.0 | 43.21 | Apr 25, 2025 | J-GAAP |
| Mar, 2026 Guidance | 432,000 | 45,500 | 46,300 | 33,900 | 126.2 | 43.64 | Oct 31, 2025 | J-GAAP |
| YoY | +7.5% | -2.1% | -7.2% | -7.2% | -4.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 98,495 | 11,562 | 12,305 | 8,949 | 32.1 | 11.7 | Oct 25, 2024 | J-GAAP |
| Oct - Dec, 2024 | 103,563 | 12,760 | 13,683 | 10,013 | 36.1 | 12.3 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 100,402 | 10,330 | 10,997 | 8,336 | 30.1 | 10.3 | Apr 25, 2025 | J-GAAP |
| Apr - Jun, 2025 | 99,368 | 9,627 | 10,272 | 7,219 | 26.3 | 9.7 | Jul 25, 2025 | J-GAAP |
| Jul - Sep, 2025 | 106,446 | 9,991 | 10,125 | 6,778 | 24.7 | 9.4 | Oct 31, 2025 | J-GAAP |
| YoY | +8.1% | -13.6% | -17.7% | -24.3% | -22.9% |
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