Mitani Sekisan (5273) investor relations material

Executive summary

• Revenue for Q1 FY2027 was ¥26,724 million, up 2.2% year-over-year, with operating profit at ¥5,140 million, up 9.2% year-over-year, and net income attributable to shareholders at ¥4,200 million, up 14.3% year-over-year.

• The main concrete pile segment saw increased demand, driving a 9.5% rise in sales and a 15.6% increase in operating profit year-over-year.

• The company revised its H1 forecast upward, reflecting strong Q1 results, but kept full-year guidance unchanged.

Financial highlights

• Operating profit margin improved, with operating profit at ¥5,140 million (9.2% increase) and ordinary profit at ¥6,082 million (14.9% increase) year-over-year.

• EPS for Q1 was ¥59.79, up from ¥51.93 year-over-year (adjusted for stock split).

• Comprehensive income for Q1 was ¥6,622 million, up 18.4% year-over-year.

• Total assets at quarter-end were ¥146,275 million, up ¥4,980 million from the previous fiscal year-end.

• Net assets increased to ¥108,191 million, with an equity ratio of 72.5%.

Outlook and guidance

• H1 FY2027 forecast revised upward: revenue ¥48,000 million (+4.3%), operating profit ¥8,200 million (+12.3%), net income ¥6,300 million (+18.9%).

• Full-year forecast unchanged: revenue ¥92,000 million (−7.9%), net income ¥10,200 million (+26.0%).

• Dividend forecast for FY2027 is ¥43.50 per share (post-split basis).