Misumi Group raises full-year forecast, revises dividends higher

Misumi Group Inc. has revised its consolidated earnings forecast for the fiscal year ending March 31, 2026, anticipating improved financial performance. Net sales are now projected at 432,000 million yen, up from 422,000 million yen. Operating income is expected to reach 45,500 million yen (previously 42,900 million yen), ordinary income 46,300 million yen (previously 43,300 million yen), and net income attributable to owners of parent 33,900 million yen (previously 30,800 million yen). This revision is primarily driven by recent foreign exchange trends and the steady performance of Fictiv Inc., which was consolidated into Misumi's results from July 2025.

In line with the revised forecast, Misumi Group also adjusted its dividend plan. The interim dividend per share for the period ended September 30, 2025, has been set at 18.02 yen, a slight increase from the previous forecast of 17.71 yen. The year-end dividend forecast has been revised to 25.62 yen per share (previously 21.54 yen), bringing the total annual dividend to 43.64 yen per share. The company maintains a dividend payout ratio benchmark of 35%, balancing growth investments with shareholder returns.

During the first half of the fiscal year, total assets increased to 425,756 million yen, and net assets grew to 357,127 million yen, with an equity ratio of 83.3%. Cash and cash equivalents stood at 95,205 million yen, reflecting net cash inflows from operating activities of 17,528 million yen, offset by outflows from investing and financing activities. The company acquired Fictiv Inc. and eight subsidiaries, resulting in goodwill of 51,369 million yen recorded in the FA Business segment.