Miura (6005) Q1 2027 earnings summary

Executive summary

• Revenue for the three months ended June 30, 2026, rose 11.1% year-over-year to ¥58,340 million, with operating profit up 5.1% to ¥3,691 million and profit attributable to owners of parent up 40.4% to ¥4,582 million.

• Growth was driven by solid domestic sales in boilers, marine, and aqua equipment, as well as robust maintenance business and favorable overseas performance, particularly in the Americas.

• Comprehensive income surged to ¥7,363 million from ¥795 million a year earlier, reflecting strong operational and financial performance.

Financial highlights

• Gross profit increased to ¥22,581 million from ¥20,541 million year-over-year, with gross margin improving.

• Basic earnings per share rose to ¥39.61 from ¥28.21 year-over-year.

• Net cash provided by operating activities was ¥5,339 million, down from ¥7,845 million in the prior year, while cash and cash equivalents at period-end stood at ¥66,905 million.

Outlook and guidance

• Full-year revenue forecast for fiscal year ending March 31, 2027, is ¥284,500 million (up 5.9% year-over-year), with operating profit projected at ¥32,600 million (up 5.4%) and profit attributable to owners of parent at ¥28,500 million (up 3.2%).

• Dividend forecast for the year is ¥74.00 per share, up from ¥72.00 in the previous year.

• No changes to previously announced forecasts due to ongoing uncertainties, particularly regarding the Middle East.