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Financial Results Presentation6638MIMAKI ENGINEERING CO.,LTD.Electrical Equipment and Precision Instruments

Full-Year Financial Results Briefing Materials for the Fiscal Year Ending March 2026

For the fiscal year ending March 2026, revenue declined slightly, while operating income, ordinary income and net income all increased, with operating income reaching a record high. For the fiscal year ending March 2027, the company expects revenue and operating income to increase, while forecasting lower ordinary income and net income.

Worth reading
66In 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
7274
¥ million (year-on-year increase in forecast revenue for the fiscal year ending March 2027)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFiscal year ending March 2026, full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales83,725 Millions of yen-0.3%
Operating profit9,431 Millions of yen+3.5%
Ordinary income8,907 Millions of yen+5.5%
Net income6,741 Millions of yen+9.5%
Operating profit margin11.3 %
Results for the three months of the current quarter
Net Sales
23,341 Millions of yen+3.3%
Operating profit
3,085 Millions of yen+82.7%
Ordinary income
2,904 Millions of yen+83.0%
Quarterly net income
2,220 Millions of yen+83.3%
Full-year earnings forecast
Reporting periodFiscal year ending March 2027
Net Sales
91,000 Millions of yen
Operating profit
9,500 Millions of yen
Ordinary income
8,600 Millions of yen
Net income for the current fiscal year
6,100 Millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Above forecast (actual results for the fiscal year ending March 2026)
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Impact of changes in revenue-521 Millions of yen
  • Foreign Exchange Effects539 Millions of yen
  • Impact of changes in the cost-of-sales ratio1,911 Millions of yen
  • Impact of changes in SG&A expenses-1,610 Millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • U.S. dollar exchange rate¥146
  • Euro exchange rate¥170
New initiatives
  • Launch of new products
  • Continuation of a customer-focused sales strategy
  • Investment in new areas, including Digital Paint, flexible organic EL sheets and a second brand
  • Additional investment in R&D under MI30
Key KPIsA metric the company considers important as a management benchmark.
  • CCC4.67 months
    Year on year against the same period last yearUp from 4.28 months at the end of March 2025
  • ROE18.7 %
    Year on year against the same period last yearDown
  • ROIC12.98 %
  • PER6.71 times
  • PBR1.14 times
Segment results
  • For the SG market
    Net Sales34,650
  • For the IP market
    Net Sales21,557
  • For the TA market
    Net Sales9,588
  • FA Business
    Net Sales4,140
  • Other
    Net Sales13,788
Medium-term management plan targets
  • Plan nameMI30
    Target fiscal year2030
    Net Sales¥150 billion
    Operating profit marginAt least 8%
Capital expenditures
¥2,600 million forecast for the fiscal year ending March 2027
Annual Dividend
Fiscal year ending March 2026
Annual¥55 per share
Interim¥25 per share
End of period¥30 per share
Forecast for the fiscal year ending March 2027
Annual¥55 per share
Interim¥27.5 per share
End of period¥27.5 per share
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales83,725 Millions of yen (YoY -0.3%)
Operating profit9,431 Millions of yen (YoY +3.5%)
Ordinary income8,907 Millions of yen (YoY +5.5%)
Net income6,741 Millions of yen (YoY +9.5%)
Operating profit margin11.3 %
Results for the three months of the current quarterNet Sales 23,341 Millions of yen (YoY +3.3%) / Operating profit 3,085 Millions of yen (YoY +82.7%) / Ordinary income 2,904 Millions of yen (YoY +83.0%) / Quarterly net income 2,220 Millions of yen (YoY +83.3%)
Full-year earnings forecastReporting period Fiscal year ending March 2027 / Net Sales 91,000 Millions of yen / Operating profit 9,500 Millions of yen / Ordinary income 8,600 Millions of yen / Net income for the current fiscal year 6,100 Millions of yen
Self-assessment against the planAbove forecast (actual results for the fiscal year ending March 2026)
Segment resultsCategory For the SG market / Net Sales 34,650 Millions of yen / yoy_pct 1.9 Millions of yen, Category For the IP market / Net Sales 21,557 Millions of yen / yoy_pct -2.4 Millions of yen, Category For the TA market / Net Sales 9,588 Millions of yen / yoy_pct -7.1 Millions of yen, Category FA Business / Net Sales 4,140 Millions of yen / yoy_pct -18.1 Millions of yen, Category Other / Net Sales 13,788 Millions of yen / yoy_pct 10.2 Millions of yen
Breakdown of Factors Affecting the ChangeImpact of changes in revenue -521 Millions of yen, Foreign Exchange Effects 539 Millions of yen, Impact of changes in the cost-of-sales ratio 1,911 Millions of yen, Impact of changes in SG&A expenses -1,610 Millions of yen
Key KPIsCCC 4.67 months, ROE 18.7 %, ROIC 12.98 %, PER 6.71 times, PBR 1.14 times
Assumptions Underlying the Business OutlookU.S. dollar exchange rate ¥146, Euro exchange rate ¥170
Medium-term management plan targetsPlan name MI30 / Target fiscal year 2030 / Net Sales ¥150 billion / Operating profit margin At least 8%
Annual DividendFiscal year ending March 2026 Annual ¥55 per share / Interim ¥25 per share / End of period ¥30 per share / Forecast for the fiscal year ending March 2027 Annual ¥55 per share / Interim ¥27.5 per share / End of period ¥27.5 per share
Capital expenditures¥2,600 million (forecast for the fiscal year ending March 2027)
New initiativesLaunch of new products, Continuation of a customer-focused sales strategy, Investment in new areas, including Digital Paint, flexible organic EL sheets and a second brand, Additional investment in R&D under MI30
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk 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.

For the fiscal year ending March 2026, profits were boosted by the positive impact of foreign exchange movements, cost-reduction initiatives, changes in the product mix and the occurrence of one-time expenses in the previous fiscal year. Revenue, meanwhile, was pressured by a decline in FA equipment and sluggish sales of core products in the IP and TA markets. For the fiscal year ending March 2027, the company assumes the launch of new products, a customer-focused sales strategy and expanded sales in each market and region, while assuming foreign exchange rates at stronger-yen levels.

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Full-Year Financial Results Briefing Materials for the Fiscal Year Ending March 2026 | MIMAKI ENGINEERING CO.,LTD. (6638) timely disclosure | Komori