Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
319
¥ million (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥83,725 million-0.3%
Operating profit¥9,431 million+3.5%
Ordinary income¥8,907 million+5.5%
Net income¥6,741 million+9.5%
Selling, general and administrative expensesAmount not stated
Operating profit margin11.3%, up 0.4 percentage points year on year (up from 10.9%)
Results for the three months of the current quarter
Net Sales
¥23,341 million+3.3%
Operating profit
¥3,085 million+82.7%
Ordinary income
¥2,904 million+83.0%
Quarterly net income
¥2,220 million+83.3%
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥91,000 million
Operating profit
¥9,500 million
Ordinary income
¥8,600 million
Net income for the current fiscal year
¥6,100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
For the fiscal year ended March 2026, revenue, operating income, ordinary income and net income exceeded the previous forecast. By market, SG and Other exceeded the forecast, while IP, TA and FA fell short.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit
Impact of changes in revenue¥-521 million
Foreign Exchange Effects¥539 million
Impact of changes in the cost-of-sales ratio¥1,911 million
Impact of changes in SG&A expenses¥-1,610 million
Factors affecting changes in selling, general and administrative expenses
Research and development costs¥1,483 million
Personnel Expenses¥687 million
Supplies expense¥-209 million
Other¥-351 million
Total¥1,610 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
USD¥146
EUR¥170 per euro
Market environmentThe market for industrial inkjet printers is expected to remain firm
Middle East situationAssumes that the situation in the Middle East will not deteriorate significantly going forward
New initiatives
- In March 2026, launched a hybrid UV printer that can print on roll media and directly print on rigid materials with a single unit
- In January 2026, launched a flagship dye-sublimation transfer model for TA applications
- Pursuing new areas, including high-viscosity applications, flexible OLED sheets, a second brand and the evolution of the 3D business
Key KPIsA metric the company considers important as a management benchmark.
CCC
4.67 Month
Year on year against the same period last yearIncreased from 4.28 months at the end of March 2025
Segment results
Full fiscal year ending March 2026
For the SG market
Net Sales¥34,650 million
Year on year against the same period last year+1.9%
For the IP market
Net Sales¥21,557 million
Year on year against the same period last year-2.4%
For the TA market
Net Sales¥9,588 million
Year on year against the same period last year-7.1%
FA Business
Net Sales¥4,140 million
Year on year against the same period last year-18.1%
Other
Net Sales¥13,788 million
Year on year against the same period last year+10.2%
Medium-term management plan targets
Plan nameMI30
Target fiscal yearFiscal year ending March 2030
Net Sales
¥150,000 million
Number of employees
Consolidated2,152 People
Standalone936 People
Record dateEnd of March 2026
Capital expenditures
¥2,600 million forecast for the fiscal year ending March 2027
Annual Dividend
Fiscal year ending March 2026
Annual¥55
Interim¥25
End of period¥30
Year-end commemorative dividend¥5
Forecast for the fiscal year ending March 2027
Annual¥55
Interim¥27.5
End of period¥27.5
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥83,725 million (YoY -0.3%) |
| Operating profit | ¥9,431 million (YoY +3.5%) |
| Ordinary income | ¥8,907 million (YoY +5.5%) |
| Net income | ¥6,741 million (YoY +9.5%) |
| Operating profit margin | 11.3%, up 0.4 percentage points year on year (up from 10.9%) |
| Selling, general and administrative expenses | 非開示 |
| Results for the three months of the current quarter | Net Sales ¥23,341 million (YoY +3.3%) / Operating profit ¥3,085 million (YoY +82.7%) / Ordinary income ¥2,904 million (YoY +83.0%) / Quarterly net income ¥2,220 million (YoY +83.3%) |
| Full-year earnings forecast | Subject Fiscal year ending March 2027 / Net Sales ¥91,000 million / Operating profit ¥9,500 million / Ordinary income ¥8,600 million / Net income for the current fiscal year ¥6,100 million |
| Self-assessment against the plan | For the fiscal year ended March 2026, revenue, operating income, ordinary income and net income exceeded the previous forecast. By market, SG and Other exceeded the forecast, while IP, TA and FA fell short. |
| Segment results | Full fiscal year ending March 2026 For the SG market Net Sales ¥34,650 million / yoy_pct ¥1.9 million / For the IP market Net Sales ¥21,557 million / yoy_pct ¥-2.4 million / For the TA market Net Sales ¥9,588 million / yoy_pct ¥-7.1 million / FA Business Net Sales ¥4,140 million / yoy_pct ¥-18.1 million / Other Net Sales ¥13,788 million / yoy_pct ¥10.2 million |
| Breakdown of Factors Affecting the Change | Operating profit Impact of changes in revenue ¥-521 million / Foreign Exchange Effects ¥539 million / Impact of changes in the cost-of-sales ratio ¥1,911 million / Impact of changes in SG&A expenses ¥-1,610 million / Factors affecting changes in selling, general and administrative expenses Research and development costs ¥1,483 million / Personnel Expenses ¥687 million / Supplies expense ¥-209 million / Other ¥-351 million / Total ¥1,610 million |
| Key KPIs | CCC 4.67 Month |
| Number of employees | Consolidated 2,152 People / Standalone 936 People / Record date End of March 2026 |
| Assumptions Underlying the Business Outlook | Exchange rate USD ¥146 / EUR ¥170 per euro / Market environment The market for industrial inkjet printers is expected to remain firm / Middle East situation Assumes that the situation in the Middle East will not deteriorate significantly going forward |
| Medium-term management plan targets | Plan name MI30 / Target fiscal year Fiscal year ending March 2030 / Net Sales ¥150,000 million |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥55 / Interim ¥25 / End of period ¥30 / Year-end commemorative dividend ¥5 / Forecast for the fiscal year ending March 2027 Annual ¥55 / Interim ¥27.5 / End of period ¥27.5 |
| Capital expenditures | ¥2,600 million (forecast for the fiscal year ending March 2027) |
| New initiatives | In March 2026, launched a hybrid UV printer that can print on roll media and directly print on rigid materials with a single unit, In January 2026, launched a flagship dye-sublimation transfer model for TA applications, Pursuing new areas, including high-viscosity applications, flexible OLED sheets, a second brand and the evolution of the 3D business |
Items this document does not state (11)
Gross Profit MarginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.In the fiscal year ended March 2026, profitability improved due to cost reduction initiatives and changes in the product mix, while foreign exchange movements also boosted profit. For the fiscal year ending March 2027, the forecast assumes higher revenue from new product launches and a customer-focused sales strategy, as well as continued cost reduction initiatives. At the same time, yen appreciation is expected to reduce operating income by ¥1,311 million.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.