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Earnings3388MEIJI ELECTRIC INDUSTRIES CO.,LTD.Trading & Wholesale

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

During the interim period, net sales and all profit figures fell below the year-earlier period, due to sluggish demand in the automotive-related sector and longer procurement lead times for some products. The full-year earnings forecast and annual dividend forecast were also revised, with the annual dividend forecast lowered from ¥90 to ¥88.

Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-40
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales32,176¥ millionYear on year -12.4%Progress 41.8%
Operating profit987¥ millionYear on year -40.0%Progress 28.0%
Ordinary income1,165¥ millionYear on year -35.7%Progress 30.1%
Net income attributable to owners of the parent846¥ millionYear on year -35.2%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥66.87
Financial position at period-end
Total assets54,891¥ million
of which net assets 39,463 ¥ millionEquity ratio 71.1%vs. prior year-end +4.8pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥77,000 million (YoY +0.8%)
Operating profit¥3,530 million (YoY -3.8%)
Ordinary income¥3,868 million (YoY -5.4%)
Profit attributable to owners of the parent¥2,730 million (YoY -4.0%)
Revision to Earnings ForecastNot disclosed → Net Sales 77,000 / Operating profit 3,530 / Ordinary income 3,868 / Profit attributable to owners of the parent 2,730
Annual Dividend Forecast90 yen → 88 yen
Factors Behind Changes in Business Performance

Net sales and profit fell below the year-earlier period due to the review of development and capital investment plans related to vehicle electrification in the automotive industry, scrutiny of their implementation timing, and the impact of longer procurement lead times for some products on the timing of revenue recognition. Selling, general and administrative expenses increased due to higher personnel costs related to the introduction of a new personnel system, repair expenses for renovation work at the head office building, and packing and freight costs.

Disclosure regarding the going concern assumption

None

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None (no material changes)
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount 2,461 thousand yen / Extraordinary loss Item Loss on disposal of fixed assets / Amount 705 thousand yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End12,765,820 shares
Treasury Shares at Period-End142,802 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥32,176 million (YoY -12.4%)
Operating profit¥987 million (YoY -40.0%)
Ordinary income¥1,165 million (YoY -35.7%)
Profit attributable to owners of the parent¥846 million (YoY -35.2%)
Net income per share¥66.87
Equity ratioEnd of the current fiscal period 71.1 / End of previous period 66.3
Total assets¥54,891 million
Net assets¥39,463 million
Full-year earnings forecastNet Sales ¥77,000 million (YoY +0.8%) / Operating profit ¥3,530 million (YoY -3.8%) / Ordinary income ¥3,868 million (YoY -5.4%) / Profit attributable to owners of the parent ¥2,730 million (YoY -4.0%)
Revision to Earnings ForecastNot disclosed → Net Sales 77,000 / Operating profit 3,530 / Ordinary income 3,868 / Profit attributable to owners of the parent 2,730
Annual Dividend Forecast90 yen → 88 yen
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount 2,461 thousand yen / Extraordinary loss Item Loss on disposal of fixed assets / Amount 705 thousand yen
Disclosure regarding the going concern assumptionNone
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None (no material changes)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End12,765,820 shares
Treasury Shares at Period-End142,802 shares
Factors Behind Changes in Business PerformanceNet sales and profit fell below the year-earlier period due to the review of development and capital investment plans related to vehicle electrification in the automotive industry, scrutiny of their implementation timing, and the impact of longer procurement lead times for some products on the timing of revenue recognition. Selling, general and administrative expenses increased due to higher personnel costs related to the introduction of a new personnel system, repair expenses for renovation work at the head office building, and packing and freight costs.
Items this document does not state (14)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogDepreciation and amortizationImpairment lossMaterial subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company reviewed development and capital investment plans related to vehicle electrification in the automotive industry and scrutinised their implementation timing. Longer procurement lead times for some products also affected the timing of revenue recognition. In addition, personnel costs related to the introduction of a new personnel system, repair expenses for renovation work at the head office building, and packing and freight costs increased.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | MEIJI ELECTRIC INDUSTRIES CO.,LTD. (3388) timely disclosure | Komori