Mimaki Engineering Co., Ltd.
Fiscal Year Ending March 2026 Q3 Financial Presentation Materials
For Q3 of the fiscal year ending March 2026, net sales were JPY 21.004 billion (Year-over-Year +2.8%), operating income was JPY 2.3555 billion (YoY -13.6%), and quarterly net income was JPY 1.767 billion (YoY +4.3%).
Key Figures
- Q3 Net Sales: JPY 21,004 million (YoY +2.8%)
- Q3 Operating Income: JPY 2,355 million (YoY -13.6%)
- Cumulative 3Q Net Sales: JPY 60,383 million (YoY -1.6%)
AI要約
Overview of Q3 Results
Net sales for Q3 of the fiscal year ending March 2026 totaled JPY 21,004 million, a 2.8% increase compared to the same period last year, or a 0.1% decrease excluding foreign exchange effects. Operating income was JPY 2,355 million, down 13.6% Year-over-Year, but operating margin remained high at 11.2%. Quarterly net income was JPY 1,767 million, a 4.3% increase YoY. By product market, the IP market performed steadily with higher revenues, whereas the SG market declined due to a decrease in entry-level models. The TA market saw reduced DTF model sales, while the FA business experienced growth in substrate mounting equipment.
Cumulative 3Q Results and Factor Analysis
Cumulative net sales through Q3 reached JPY 60,383 million, down 1.6% Year-over-Year. Operating income was JPY 6,345 million, a 14.5% decrease; ordinary income was JPY 6,002 million and quarterly net income was JPY 4,520 million, both also down from the prior year. The decline in operating income was primarily due to improvements in cost of sales ratio and the execution of planned investments in selling, general and administrative expenses, especially increased R&D expenses and personnel costs. Foreign exchange positively impacted net sales but negatively affected operating income. Market-wise, the decrease in SG market revenues was the main factor driving the revenue decline.
Full-Year Earnings Forecast and Assumptions
The full-year forecast projects net sales of JPY 82,500 million (YoY -1.7%), operating income of JPY 8,500 million (-6.7%), ordinary income of JPY 7,800 million (-7.6%), and net income attributable to owners of parent of JPY 5,500 million (-10.7%), unchanged from the previous forecast. Net sales are expected to be solid globally, while considering uncertainties such as U.S. tariff policies and the Chinese economic environment, with efforts to shift the sales strategy and expand distribution channels. Operating income will reflect continued proactive investments, including R&D and personnel expenses, alongside promotion of cost control.
