Mirai Industry: Q2 profits fall despite record sales

Mirai Industry Co., Ltd. announced its consolidated financial results for the second quarter ended September 20, 2025, with net sales increasing 2.6% to 22,946 million yen, setting a new interim record. However, operating profit decreased by 8.9% to 3,159 million yen, ordinary profit by 8.2% to 3,252 million yen, and profit attributable to owners of parent by 8.5% to 2,195 million yen. This marks the first profit decline in three periods for all categories.

The company attributed the sales growth primarily to price revisions in electrical and pipe materials, as well as wiring devices. However, rising raw material prices squeezed profits. For the full fiscal year ending March 2026, Mirai Industry forecasts net sales of 46,914 million yen (up 4.0%), operating profit of 6,149 million yen (down 10.8%), ordinary profit of 6,283 million yen (down 11.1%), and profit attributable to owners of parent of 4,241 million yen (down 12.2%). The projected annual dividend per share is 130.00 yen, with an interim dividend of 50.00 yen declared and an expected year-end dividend of 80.00 yen. No revisions have been made to the previously announced earnings forecasts.