MEC Company Ltd. Revises Earnings & Dividend Upward on AI Chip Demand

MEC Company Ltd. (TSE:4971) raised its fiscal 2026 earnings and dividend forecasts, citing stronger-than-expected demand for semiconductor package substrate products used in generative AI and data center applications.

ItemBeforeAfterChange
RevenueJPY 10.8bnJPY 12.2bn+13.4%
Operating ProfitJPY 3.00bnJPY 4.00bn+33.3%
Ordinary IncomeJPY 3.02bnJPY 4.05bn+33.9%
親会社株主に帰属する中間純利益JPY 2.00bnJPY 2.90bn+45.0%
１株当たり中間純利益JPY 110MJPY 159M+45.0%

For the full fiscal year, the company lifted revenue guidance to JPY 24.5bn from JPY 22.5bn (+8.9%), operating profit to JPY 7.6bn from JPY 6.5bn (+16.9%), and net profit to JPY 5.55bn from JPY 4.6bn (+20.7%). The interim dividend per share was raised to JPY 56.00 from JPY 40.00, while the year-end dividend increased to JPY 71.00 from JPY 55.00, bringing the full-year payout to JPY 110.00 per share versus JPY 96.00 previously.

Management attributed the revision to robust demand for high-margin semiconductor package substrate products serving the AI and data center sectors, which exceeded initial projections. The company noted that second-quarter cumulative results demonstrated particularly strong momentum in this segment.

The upward revision reflects near-term strength in AI-related semiconductor demand. However, the company cautioned that full-year guidance incorporates headwinds including geopolitical risks, crude oil price volatility, and uncertainty surrounding U.S. trade policy. Investors should monitor developments in semiconductor market conditions and Middle East geopolitics, which could impact execution of the revised targets.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.