Overview of Consolidated Financial Results for Fiscal 2025 | Meiwa Corporation (8103) timely disclosure

Worth reading

85Important

Scored from 4 of 6 sections

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

5.2

% (year-on-year change in revenue)

Wording

Definitive

How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ended March 2026 (fiscal 2025)8 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥164,927 million+5.2%

Operating profit¥4,132 million+15.8%

Ordinary income¥4,438 million-1.8%

Net income¥3,374 million-0.1%

Gross Profit Margin8.65 %

Selling, general and administrative expenses¥10,136 million

Results for the three months of the current quarter

Net Sales

¥43,077 million

Operating profit

¥867 million

Ordinary income

¥1,068 million

Full-year earnings forecast

Net Sales

¥160,000 million

Operating profit

¥3,800 million

Ordinary income

¥4,000 million

Net income

¥3,000 million

Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。

Net Sales103.1 %

Operating profit108.7 %

Ordinary income111 %

Net income112.5 %

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Subsidiary operating profit¥871 million
Equity-Method Investment Income and Loss¥-515 million
Parent-company operating profit¥-212 million
Foreign exchange losses¥-126 million
Amortization of goodwill¥-42 million
Acquisition-related expenses¥-31 million
Other¥-59 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

JPY/USD exchange rate
Fiscal 2024 year-end149.52
Fiscal 2025 year-end159.88
JPY/CNY exchange rate
Fiscal 2024 year-end20.59
Fiscal 2025 year-end23.11

New initiatives

Acquisition of shares in 株式会社タカロク and its consolidation from the second quarter
Consolidation of MEIWA (THAILAND) from the first quarter
Consolidation of THAI MEIWA TRADING from the first quarter

Key KPIsA metric the company considers important as a management benchmark.

Overseas Revenue Mix33.4 %
Year on year against the same period last yearDown from 34.5% in the previous fiscal year
Number of consolidated subsidiaries10 companies
Year on year against the same period last yearIncreased by 3 companies from 7 companies
Number of equity-method affiliates3 companies
Year on year against the same period last yearUnchanged from the previous fiscal year

Segment results

First Business
Net Sales¥44,698 million
Profit¥2,500 million
Change in profit130
Second Business
Net Sales¥40,435 million
Profit¥925 million
Change in profit120
Third Business
Net Sales¥66,959 million
Profit¥953 million
Change in profit-77
Battery and Automotive Business
Net Sales¥12,834 million
Profit¥23 million
Change in profit-384
Other
Net Sales¥0 million
Profit¥-285 million

Financial targets

Equity ratio

Fiscal 2024 year-end51.5 %

Fiscal 2025 year-end48.9 %

Annual Dividend

Year-end dividend

¥42 per share

Acquisition of treasury shares

¥657 million

Contents of this document
Item	Details
Document type	Earnings presentation
Fiscal Period Covered	Fiscal year ended March 2026 (fiscal 2025)
Net Sales	¥164,927 million (YoY +5.2%)
Operating profit	¥4,132 million (YoY +15.8%)
Ordinary income	¥4,438 million (YoY -1.8%)
Net income	¥3,374 million (YoY -0.1%)
Gross Profit Margin	8.65 %
Selling, general and administrative expenses	¥10,136 million
Results for the three months of the current quarter	Net Sales ¥43,077 million / Operating profit ¥867 million / Ordinary income ¥1,068 million / Net income Not disclosed
Full-year earnings forecast	Net Sales ¥160,000 million / Operating profit ¥3,800 million / Ordinary income ¥4,000 million / Net income ¥3,000 million
Progress against full-year forecast	Net Sales 103.1 % / Operating profit 108.7 % / Ordinary income 111 % / Net income 112.5 %
Segment results	Segment First Business / Net Sales ¥44,698 million / Revenue_yoy_pct Not disclosed / Profit ¥2,500 million / Change in profit 130, Segment Second Business / Net Sales ¥40,435 million / Revenue_yoy_pct Not disclosed / Profit ¥925 million / Change in profit 120, Segment Third Business / Net Sales ¥66,959 million / Revenue_yoy_pct Not disclosed / Profit ¥953 million / Change in profit -77, Segment Battery and Automotive Business / Net Sales ¥12,834 million / Revenue_yoy_pct Not disclosed / Profit ¥23 million / Change in profit -384, Segment Other / Net Sales ¥0 million / Profit ¥-285 million
Breakdown of Factors Affecting the Change	Factors Subsidiary operating profit / Amount ¥871 million, Factors Equity-Method Investment Income and Loss / Amount ¥-515 million, Factors Parent-company operating profit / Amount ¥-212 million, Factors Foreign exchange losses / Amount ¥-126 million, Factors Amortization of goodwill / Amount ¥-42 million, Factors Acquisition-related expenses / Amount ¥-31 million, Factors Other / Amount ¥-59 million
Key KPIs	Indicator name Overseas Revenue Mix / Value 33.4 % / Year on year against the same period last year Down from 34.5% in the previous fiscal year, Indicator name Number of consolidated subsidiaries / Value 10 companies / Year on year against the same period last year Increased by 3 companies from 7 companies, Indicator name Number of equity-method affiliates / Value 3 companies / Year on year against the same period last year Unchanged from the previous fiscal year
Assumptions Underlying the Business Outlook	Item JPY/USD exchange rate / Fiscal 2024 year-end 149.52 Yen/Dollar / Fiscal 2025 year-end 159.88 Yen/Dollar, Item JPY/CNY exchange rate / Fiscal 2024 year-end 20.59 JPY/CNY / Fiscal 2025 year-end 23.11 JPY/CNY
Financial targets	Equity ratio Fiscal 2024 year-end 51.5 % / Fiscal 2025 year-end 48.9 %
Annual Dividend	Year-end dividend ¥42 per share / Annual Dividend Not disclosed / Interim Dividend Not disclosed
Acquisition of treasury shares	Amount ¥657 million / Period Not disclosed / Number of Shares Not disclosed
New initiatives	Acquisition of shares in 株式会社タカロク and its consolidation from the second quarter, Consolidation of MEIWA (THAILAND) from the first quarter, Consolidation of THAI MEIWA TRADING from the first quarter

Items this document does not state (12)

Operating profit marginSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioCapital expendituresOrders 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.

Sales increased as the First Business and Battery and Automotive Business performed well, while results at タカロク contributed to the Third Business. Operating profit increased on higher sales, but ordinary profit declined due to a decrease in equity-method investment income, foreign exchange losses, goodwill amortization, and acquisition-related expenses. Net income was broadly unchanged from the previous fiscal year due to an increase in extraordinary income from the sale of cross-shareholdings.

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.