MEISEI INDUSTRIAL (1976) Q3 2025 earnings summary

Executive summary

• Net sales rose 11.2% year-over-year to ¥47,294 million for the nine months ended December 31, 2024, driven by strong construction business performance.

• Operating profit increased 26.1% to ¥6,010 million, and profit attributable to owners of parent grew 20.4% to ¥4,471 million year-over-year.

• Orders received declined 3.6% year-over-year to ¥44,717 million, reflecting decreases in both construction and boiler segments.

Financial highlights

• Ordinary profit rose 28.5% year-over-year to ¥6,504 million.

• Comprehensive income increased 32.4% to ¥5,963 million.

• Net income per share was ¥91.88, up from ¥74.68 in the prior year period.

• Total assets stood at ¥83,515 million, down ¥916 million from March 31, 2024.

• Net assets increased to ¥65,152 million, with an equity-to-asset ratio of 77.4%.

Outlook and guidance

• Full-year forecast maintained: net sales of ¥63,000 million (+4.3% YoY), operating profit of ¥7,800 million (−3.2% YoY), ordinary profit of ¥8,350 million (−2.3% YoY), and profit attributable to owners of parent of ¥6,000 million (−3.9% YoY).

• Dividend forecast for FY2025 is ¥47.00 per share, up from ¥41.00 in FY2024.