Mimaki revises full-year forecast downward on market competition, product delays

Mimaki Engineering Co., Ltd. announced a downward revision of its consolidated financial results forecast for the fiscal year ending March 2026. Net sales are now projected at yen 82,500 million (previously yen 88,600 million), operating profit at yen 8,500 million (previously yen 9,200 million), ordinary profit at yen 7,800 million (previously yen 8,400 million), and profit attributable to owners of parent at yen 5,500 million (previously yen 5,900 million). This revision is primarily due to intensified competition in the Direct to Film (DTF) model in the Textile & Apparel (TA) market and the postponement of new product launches to the next fiscal year.

The company's performance for the six months ended September 30, 2025, showed net sales of yen 39,379 million, down 3.8% year-on-year, and operating profit of yen 3,990 million, down 15.1% year-on-year. Despite these declines, the operating profit margin remained at 10.1%, aided by cost reduction activities that improved the cost of sales ratio by 2.3 percentage points. Research and development expenses and personnel costs increased as planned for future growth.

Key exchange rate assumptions for Q3 onwards have been revised to US$1: yen 144 and €1: yen 152. The company aims to mitigate the impact of the revised forecast by promoting new products and adjusting sales strategies for existing products, while maintaining investments in future growth.