Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
516
¥ million (year-on-year change in net sales)Wording
Definitive
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥34,600 million+1.5%
Operating profit¥5,322 million+9.1%
Ordinary income¥5,340 million+8.7%
Net income¥3,574 million+7.3%
Operating profit margin15.4 %
Selling, general and administrative expenses¥4,390 million
Gross Profit MarginNot disclosed (cost ratio: 71.9%, down 1.2 percentage points year on year)
Results for the three months of the current quarter
Net Sales
¥34,600 million
Operating profit
¥5,322 million
Ordinary income
¥5,340 million
Net income
¥3,574 million
Full-year earnings forecastNot disclosed (only the initial forecast for the second quarter of the first half is provided)
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。Not disclosed (progress against the first-half earnings forecast is provided)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
On track with the plan (against the first-half earnings forecast)Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Higher feesDetailsFactors increasing revenue
- Decrease in personnel deployedDetailsFactor behind the slowdown in revenue growth
- Decrease in hours workedDetailsFactor behind the slowdown in revenue growth
- Impact of higher revenueDetailsFactors increasing operating profit
- Lower cost of sales resulting from a decrease in the number of engineer employeesDetailsFactors increasing operating profit
New initiatives
- Set targets for new graduate hiring in April 2027 (400 at Meitec and 450 at Meitec Fielders)
- Establish early and continuous contact points tailored to students' preferences
- Implement a fast-track selection process at Meitec
- Review the selection process and evaluation criteria at Meitec Fielders
- Accelerate and standardize the hiring process for experienced hires and improve methods of providing information
Key KPIsA metric the company considers important as a management benchmark.
- Meitec utilization rate (total)96.3 %Year on year against the same period last year-0.1%
- Meitec Fielders utilization rate (total)94.1 %Year on year against the same period last year+0.8%
- Meitec hours worked8.22 h/dayYear on year against the same period last year-0.5%
- Meitec Fielders hours worked8.08 h/dayYear on year against the same period last year-0.6%
- Number of Meitec engineer employees7,868 PeopleYear on year against the same period last year-1.9%
- Number of Meitec Fielders engineer employees4,531 PeopleYear on year against the same period last year-0.8%
Segment results
- Engineering Solutions businessNet Sales¥34,359 millionRevenue_yoy_pct1.9Operating profit¥5,394 millionOperating profit_yoy_pct10.9
- Engineer Recruitment businessNet Sales¥240 millionRevenue_yoy_pct-32.1Operating profit¥53 millionOperating profit_yoy_pct-59.7
Number of employees
Engineer employees: 7,868 at Meitec and 4,531 at Meitec Fielders. The year-on-year changes were -152 and -37, respectively.| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥34,600 million (YoY +1.5%) |
| Operating profit | ¥5,322 million (YoY +9.1%) |
| Ordinary income | ¥5,340 million (YoY +8.7%) |
| Net income | ¥3,574 million (YoY +7.3%) |
| Gross Profit Margin | Not disclosed (cost ratio: 71.9%, down 1.2 percentage points year on year) |
| Operating profit margin | 15.4 % |
| Selling, general and administrative expenses | ¥4,390 million |
| Results for the three months of the current quarter | Net Sales ¥34,600 million / Operating profit ¥5,322 million / Ordinary income ¥5,340 million / Net income ¥3,574 million |
| Full-year earnings forecast | Not disclosed (only the initial forecast for the second quarter of the first half is provided) |
| Progress against full-year forecast | Not disclosed (progress against the first-half earnings forecast is provided) |
| Self-assessment against the plan | On track with the plan (against the first-half earnings forecast) |
| Segment results | Segment Engineering Solutions business / Net Sales ¥34,359 million / Revenue_yoy_pct 1.9 / Operating profit ¥5,394 million / Operating profit_yoy_pct 10.9, Segment Engineer Recruitment business / Net Sales ¥240 million / Revenue_yoy_pct -32.1 / Operating profit ¥53 million / Operating profit_yoy_pct -59.7 |
| Breakdown of Factors Affecting the Change | Factors Higher fees / Details Factors increasing revenue, Factors Decrease in personnel deployed / Details Factor behind the slowdown in revenue growth, Factors Decrease in hours worked / Details Factor behind the slowdown in revenue growth, Factors Impact of higher revenue / Details Factors increasing operating profit, Factors Lower cost of sales resulting from a decrease in the number of engineer employees / Details Factors increasing operating profit |
| Key KPIs | Indicator name Meitec utilization rate (total) / Value 96.3 % / Year on year against the same period last year -0.1 %, Indicator name Meitec Fielders utilization rate (total) / Value 94.1 % / Year on year against the same period last year 0.8 %, Indicator name Meitec hours worked / Value 8.22 h/day / Year on year against the same period last year -0.5 h/day, Indicator name Meitec Fielders hours worked / Value 8.08 h/day / Year on year against the same period last year -0.6 h/day, Indicator name Number of Meitec engineer employees / Value 7,868 People / Year on year against the same period last year -1.9 People, Indicator name Number of Meitec Fielders engineer employees / Value 4,531 People / Year on year against the same period last year -0.8 People |
| Number of employees | Engineer employees: 7,868 at Meitec and 4,531 at Meitec Fielders. The year-on-year changes were -152 and -37, respectively. |
| New initiatives | Set targets for new graduate hiring in April 2027 (400 at Meitec and 450 at Meitec Fielders), Establish early and continuous contact points tailored to students' preferences, Implement a fast-track selection process at Meitec, Review the selection process and evaluation criteria at Meitec Fielders, Accelerate and standardize the hiring process for experienced hires and improve methods of providing information |
Items this document does not state (13)
Unit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital 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.The main factor behind the increase in revenue was higher fees. The main factors behind the slowdown in revenue growth were decreases in the number of personnel deployed and hours worked. The main factors behind the increase in operating profit were the effect of higher revenue and lower cost of sales resulting from a decrease in the number of engineer employees.
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.