MIRAIT ONE (1417) investor relations material

Executive summary

• Net sales rose 7.1% year-over-year to 130.0 billion yen, with operating income up to 2.8 billion yen and ordinary income reaching 3.3 billion yen.

• Profit attributable to owners of parent was 1.9 billion yen, reversing a prior-year loss of 1.3 billion yen.

• Orders received declined slightly year-over-year, but large-scale orders, including data centers, are expected for the full year.

• ICT solution and NTT businesses drove net sales growth, while Environmental & Social Innovation saw a decline in orders.

Financial highlights

• Gross profit increased to 18.4 billion yen, with gross profit margin improving by 1.3 points to 14.2%.

• EBITDA rose by 2.0 billion yen to 6.5 billion yen, with EBITDA margin up 1.3 points to 5.0%.

• Operating income margin improved by 1.4 points to 2.2%.

• Construction account carried forward increased by 45.5 billion yen to 392.8 billion yen, up 13.1%.

• Equity ratio improved to 54.3% from 48.7% at the previous fiscal year-end.

Outlook and guidance

• Large-scale orders, including data centers, are anticipated for the full year, with strong demand driven by generative AI and increased communication traffic.

• Progress rates for net sales and profit metrics are tracking close to or above 20% of full-year forecasts.

• Full-year forecast: net sales of 660.0 billion yen, operating profit of 40.0 billion yen, ordinary profit of 40.0 billion yen, and profit attributable to owners of parent of 25.5 billion yen.

• Net income per share forecasted at 290.79 yen; dividend forecast unchanged at 95 yen per share.