Worth reading
63In 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
2311
¥ million (year-on-year increase in profit attributable to owners of the parent)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥137,686 million+3.5%
Operating profit¥19,903 million+5.7%
Ordinary income¥20,101 million+6.3%
Net income¥15,051 million+18.1%
Gross Profit Margin26.4%
Operating profit margin14.5%
Selling, general and administrative expenses¥16,388 million
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥140,800 million
Operating profit
¥20,500 million
Ordinary income
¥20,700 million
Net income
¥13,900 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The Engineering Solutions business recorded higher net sales and profit, while the Engineer Placement business recorded lower net sales and profit. Under the previous medium-term plan, the profit target was achieved, but net sales fell short of the target.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Meitec net salesAverage fees and other factors +¥4,177 million, hours worked -¥248 million, number of personnel deployed -¥734 million
Meitec Fielders net salesAverage fees and other factors +¥1,358 million, number of personnel deployed -¥88 million, hours worked -¥106 million
New initiatives
- Reorganization of Meitec's sales offices
- Initiatives to accelerate recruitment and training in the field
- Strengthening field-level, immediate-decision recruitment, order acquisition and placement at Meitec Fielders
- Meitec Next's focus on high-difficulty, high-fee areas and redesign of operations
- Set recruitment targets for April 2027 of 400 at Meitec and 450 at Meitec Fielders
Key KPIsA metric the company considers important as a management benchmark.
- Meitec utilization rate98.5 %Year on year against the same period last year+0.2%
- Meitec Fielders utilization rate97.2 %Year on year against the same period last year+0.1%
- Meitec hours worked8.36 h/dayYear on year against the same period last year-0.2%
- Meitec Fielders hours worked8.22 h/dayYear on year against the same period last year-0.2%
- Meitec employee turnover rate6.1 %Year on year against the same period last year0.0%
- Meitec Fielders employee turnover rate11.8 %Year on year against the same period last year-2.5%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Provides a breakdown of net sales for Meitec and Meitec Fielders by average fees, hours worked and number of personnel deployedSegment results
Engineering Solutions business
Net Sales
¥136,370 million+3.6%
Operating profit
¥19,693 million+7.5%
Engineer Recruitment business
Net Sales
¥1,320 million-9.9%
Operating profit
¥468 million-17.5%
Medium-term management plan targets
Medium-Term Plan 2028. Under the previous medium-term plan, the profit target was achieved in fiscal 2025, but the net sales target was not. Specific quantitative targets were not disclosed.Financial targets
ROE
Actual results for the fiscal year ending March 202630.9%
OtherAim to maintain a high ROE
Market Size / Share
Estimated ¥400 billion engineer dispatch market; Meitec ¥615.9 billion; Meitec Fielders ¥423.9 billion (March 2026, figures stated in the materials)Number of employees
Number of engineer employees: Meitec 7,754, Meitec Fielders 4,349. The consolidated group total as of 1 April was 12,529.Annual Dividend
Actual results for the fiscal year ending March 2026
Annual dividend per share¥196
Interim¥90
End of period¥106
Forecast for the fiscal year ending March 2027
Annual dividend per share¥181
Interim¥85
End of period¥96
Payout ratio
Fiscal year ending March 2026100.5 %
Forecast for the fiscal year ending March 2027100.5 %
Total payout ratio100.5% for the fiscal year ending March 2026; forecast 100.5% for the fiscal year ending March 2027
Acquisition of treasury shares
The Company plans to consider share repurchases when its PBR falls below 3x. The amount, number of shares and period for the current repurchase program were not disclosed.| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥137,686 million (YoY +3.5%) |
| Operating profit | ¥19,903 million (YoY +5.7%) |
| Ordinary income | ¥20,101 million (YoY +6.3%) |
| Net income | ¥15,051 million (YoY +18.1%) |
| Gross Profit Margin | 26.4% |
| Operating profit margin | 14.5% |
| Selling, general and administrative expenses | ¥16,388 million |
| Full-year earnings forecast | Fiscal year ending March 2027 Net Sales ¥140,800 million / Operating profit ¥20,500 million / Ordinary income ¥20,700 million / Net income ¥13,900 million |
| Self-assessment against the plan | The Engineering Solutions business recorded higher net sales and profit, while the Engineer Placement business recorded lower net sales and profit. Under the previous medium-term plan, the profit target was achieved, but net sales fell short of the target. |
| Segment results | Engineering Solutions business Net Sales ¥136,370 million (YoY +3.6%) / Operating profit ¥19,693 million (YoY +7.5%) / Engineer Recruitment business Net Sales ¥1,320 million (YoY -9.9%) / Operating profit ¥468 million (YoY -17.5%) |
| Breakdown of Factors Affecting the Change | Meitec net sales Average fees and other factors +¥4,177 million, hours worked -¥248 million, number of personnel deployed -¥734 million / Meitec Fielders net sales Average fees and other factors +¥1,358 million, number of personnel deployed -¥88 million, hours worked -¥106 million |
| Key KPIs | Indicator name Meitec utilization rate / Value 98.5 % / Year on year against the same period last year 0.2 %, Indicator name Meitec Fielders utilization rate / Value 97.2 % / Year on year against the same period last year 0.1 %, Indicator name Meitec hours worked / Value 8.36 h/day / Year on year against the same period last year -0.2 h/day, Indicator name Meitec Fielders hours worked / Value 8.22 h/day / Year on year against the same period last year -0.2 h/day, Indicator name Meitec employee turnover rate / Value 6.1 % / Year on year against the same period last year 0 %, Indicator name Meitec Fielders employee turnover rate / Value 11.8 % / Year on year against the same period last year -2.5 % |
| Unit price and quantity metrics | Provides a breakdown of net sales for Meitec and Meitec Fielders by average fees, hours worked and number of personnel deployed |
| Number of employees | Number of engineer employees: Meitec 7,754, Meitec Fielders 4,349. The consolidated group total as of 1 April was 12,529. |
| Medium-term management plan targets | Medium-Term Plan 2028. Under the previous medium-term plan, the profit target was achieved in fiscal 2025, but the net sales target was not. Specific quantitative targets were not disclosed. |
| Financial targets | ROE Actual results for the fiscal year ending March 2026 30.9% / Other Aim to maintain a high ROE |
| Annual Dividend | Actual results for the fiscal year ending March 2026 Annual dividend per share ¥196 / Interim ¥90 / End of period ¥106 / Forecast for the fiscal year ending March 2027 Annual dividend per share ¥181 / Interim ¥85 / End of period ¥96 |
| Payout ratio | Fiscal year ending March 2026 100.5 % / Forecast for the fiscal year ending March 2027 100.5 % / Total payout ratio 100.5% for the fiscal year ending March 2026; forecast 100.5% for the fiscal year ending March 2027 |
| Acquisition of treasury shares | The Company plans to consider share repurchases when its PBR falls below 3x. The amount, number of shares and period for the current repurchase program were not disclosed. |
| Market Size / Share | Estimated ¥400 billion engineer dispatch market; Meitec ¥615.9 billion; Meitec Fielders ¥423.9 billion (March 2026, figures stated in the materials) |
| New initiatives | Reorganization of Meitec's sales offices, Initiatives to accelerate recruitment and training in the field, Strengthening field-level, immediate-decision recruitment, order acquisition and placement at Meitec Fielders, Meitec Next's focus on high-difficulty, high-fee areas and redesign of operations, Set recruitment targets for April 2027 of 400 at Meitec and 450 at Meitec Fielders |
Items this document does not state (8)
Results for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogKey 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.The increases in net sales and profit were attributable to continued technology development investment by major customers and solid utilization in the Engineering Solutions business. The increase in net income also reflected gains on the sale of real estate that had been impaired in the previous fiscal year. The expected decline in net income for the fiscal year ending March 2027 is attributed to the abolition of wage increase promotion tax incentives and other preferential measures, as well as the absence of one-time extraordinary gains.
How to read this page
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