Mitsui High-Tec revises full-year forecasts after mixed half-year results

Mitsui High-Tec announced consolidated financial results for the six months ended July 31, 2025, with net sales increasing by 4.2% year-on-year to 108,334 million yen. However, operating profit decreased by 19.2% to 6,347 million yen, and profit attributable to owners of parent fell by 40.8% to 4,189 million yen, partly due to foreign exchange losses and upfront investments. The company also changed its depreciation method for property, plant, and equipment from declining-balance to straight-line, which increased operating profit by 764 million yen compared to the previous method.

Following these results, Mitsui High-Tec revised its full-year earnings forecasts for the fiscal year ending January 31, 2026. Net sales are now projected at 216,000 million yen (down 6.1% from initial forecast), operating profit at 11,000 million yen (down 15.4%), and profit attributable to owners of parent at 7,000 million yen (down 22.2%). The revision for Electrical Parts Business is mainly attributed to lower sales due to raw material price declines and mass production rescheduling. The dividend forecast remains unchanged.