明治電機工業 revised down its ordinary profit forecast for the current fiscal year and announced a dividend reduction. Cumulative ordinary profit for the second quarter was ¥1.16 billion, down sharply year on year, while the full-year forecast was revised to ¥3.86 billion and the annual dividend was reduced to ¥88. Ordinary profit for the latest quarter was ¥1.01 billion.
明治電機工業 announced after the market close on 30 October that consolidated ordinary profit for the cumulative second quarter (April–September) of the fiscal year ending March 2027 was ¥1.16 billion, down 35.7% year on year. This was below the initial forecast of ¥1.67 billion.
In its full-year plan announced the same day, the company lowered its ordinary profit forecast to ¥3.86 billion, implying a 5.4% decline from the previous fiscal year. Based on first-half results and the second-half plan, ordinary profit for October–March is estimated at ¥2.7 billion, up 18.7% year on year.
For dividends, the company revised its annual dividend for the current fiscal year down from ¥96 to ¥88. Ordinary profit for July–September, the latest three-month period, was ¥1.01 billion, down 14.7% year on year, while the operating margin on sales was approximately unchanged at 5.3%.