Miraini Holdings Co., Ltd. Raises Earnings Forecast on Memory Demand Surge

Miraini Holdings Co., Ltd. (TSE:546A) raised its earnings guidance for the fiscal year ending March 2027, citing stronger-than-expected semiconductor and memory chip demand alongside favorable foreign exchange movements.

ItemBeforeAfterChange
RevenueJPY 272.0bnJPY 278.0bn+2.2%
Operating ProfitJPY 7.60bnJPY 8.50bn+11.8%
Ordinary IncomeJPY 6.50bnJPY 7.50bn+15.4%
親会社株主に帰属する中間純利益JPY 11.2bnJPY 11.3bn+0.9%
１株当たり中間純利益JPY 320.96/shareJPY 326.48/share+JPY 5.52/share

For the interim period (April–September 2026), the company lifted revenue guidance by JPY 6.0bn to JPY 278.0bn, while operating profit jumped 11.8% to JPY 8.50bn and ordinary income (keijo rieki)—a Japan-specific metric capturing operating profit plus non-operating items—rose 15.4% to JPY 7.50bn. Full-year revenue was raised JPY 6.0bn to JPY 548.0bn, with operating profit climbing 6.2% to JPY 15.5bn and ordinary income advancing 8.0% to JPY 13.5bn. Management attributed the upward revision to accelerating semiconductor and electronic component demand, particularly in memory segments, combined with yen weakness boosting export competitiveness. However, the company maintained full-year guidance unchanged, citing unresolved uncertainties in the business environment from the third quarter onward.

The revision signals confidence in near-term semiconductor cycle strength but reflects caution about second-half volatility. Investors should note that ordinary income, which incorporates financial income and expenses, differs materially from operating profit and is a key metric in Japanese equity analysis. The modest net profit upgrades—just 0.9% interim and 0.7% full-year—suggest margin pressures despite revenue gains, warranting close monitoring of cost dynamics in coming quarters.

Source: Original filing (TDnet) | 日本語版

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