Miraial revises dividend policy amid strategic transformation, lower forecast

Miraial has revised its consolidated full-year earnings forecast for the fiscal year ending January 2026, projecting net sales of 12,780 million yen, operating profit of 640 million yen, ordinary profit of 700 million yen, and profit attributable to owners of parent of 690 million yen, resulting in 76.36 yen basic earnings per share. This adjustment reflects an anticipated decrease in sales and profits compared to the previous fiscal year, primarily due to lower factory utilization and increased depreciation expenses. The plastic molding business expects a gradual recovery in demand, while the molding machine business faces continued uncertainty in the automotive sector.

The company also announced a revised dividend policy, setting the year-end dividend at 40.00 yen, bringing the annual dividend to 50.00 yen per share, an increase from the previously unannounced forecast. This aligns with a new shareholder return strategy focusing on a total return ratio of 30% or a DOE of 2%, whichever is higher. This initiative is part of Miraial's long-term vision to achieve a PBR of 1x or more and maximize corporate value through strategic investments, mergers and acquisitions, and optimized capital structure.

For the third quarter of the fiscal year ending January 2026, Miraial reported consolidated net sales of 9,402 million yen, an 8.5% decrease year-over-year. Operating profit decreased by 55.1% to 465 million yen, and ordinary profit fell by 53.0% to 519 million yen. Profit attributable to owners of parent was 397 million yen, a 47.4% decrease compared to the same period last year.