Mirai Industry Co.,Ltd. Raises FY2027 Earnings Forecast 57% on Middle East Demand
Mirai Industry Co.,Ltd. (TSE:7931) has raised its fiscal 2027 earnings and dividend guidance following stronger-than-expected first-quarter results driven by increased demand for electrical and piping materials amid Middle East geopolitical tensions.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 11.8bn | JPY 12.8bn | +8.0% |
| Operating Profit | JPY 1.29bn | JPY 1.95bn | +50.8% |
| Ordinary Income | JPY 1.32bn | JPY 2.01bn | +52.4% |
| 親会社株主に帰属する四半期純利益 | JPY 877M | JPY 1.38bn | +57.2% |
| １株当たり四半期純利益 | JPY 54M | JPY 85M | +57.1% |
The company’s first quarter delivered record-high profits despite higher freight and depreciation costs, as self-defense-related demand in the Middle East offset cost pressures. Management had previously marked full-year and interim forecasts as “undetermined” due to supply chain risks from crude oil and naphtha volatility. However, the company now expects limited disruption to construction markets and improved supply diversification, enabling revised guidance. The company anticipates demand normalization and elevated raw material costs will pressure margins in the second half.
The earnings upgrade supports a 35 yen increase in the year-end dividend to JPY 85.00/share, bringing total annual dividends to JPY 135.00/share from JPY 100.00/share. The revision reflects management’s dividend policy targeting a 50% payout ratio or 3% dividend-on-equity, whichever is higher. Investors should monitor second-half demand trends and the company’s ability to pass through raw material cost increases, as sustained margin pressure could limit further upside.
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.