Miyaji Engineering Group (3431) investor relations material

Executive summary

• Net sales for the quarter ended June 30, 2026, were ¥11,427 million, down 22.4% year-over-year, with operating profit at ¥341 million, down 76.3% year-over-year, and profit attributable to owners of parent at ¥431 million, down 53.2% year-over-year.

• Orders received rose 74.6% year-over-year to ¥18,904 million, driven by large-scale renovation and maintenance projects.

• The business environment remains challenging due to declining order volumes and delays in large project schedules, despite a gradual economic recovery in Japan.

Financial highlights

• Comprehensive income for the quarter was ¥394 million, a 63.1% decrease year-over-year.

• Basic earnings per share for the quarter were ¥16.28, compared to ¥34.81 in the prior year.

• Total assets decreased to ¥77,862 million from ¥82,021 million at the previous fiscal year-end.

• Net assets declined to ¥48,875 million, with an equity-to-asset ratio of 53.6%.

Outlook and guidance

• Full-year net sales forecast for FY2027 is ¥55,000 million (up 2.9% year-over-year), with operating profit projected at ¥2,300 million (down 49.2%) and profit attributable to owners of parent at ¥2,000 million (down 38.7%).

• The business environment is expected to remain difficult in the first half of the next Medium-Term Business Plan, but large-scale renovation and maintenance projects are anticipated to recover in the medium term.

• No revisions to previously announced financial forecasts.