Back to Articles
73692026 Q2 / First HalfGrowthJGAAP

Meiho Holdings (7369) FY2026 Q2 Earnings Report

For FY2026 Q2, revenue came to ¥5.9B (-5.5% year on year) and operating loss ¥116.0M. The segment drivers and cash flow follow.

Meiho Holdings,Inc.

IT & Services, Others/Services


Financial Highlights

  • Net Sales: ¥5.87B
  • Operating Income: ¥-116M
  • Net Income: ¥-105M
  • EPS: ¥-22.34

Income Statement

ItemCurrentPriorYoY %
Net Sales¥5.87B¥6.21B−5.5%
Cost of Sales¥4.54B¥4.77B−4.7%
Gross Profit¥1.33B¥1.44B−8.1%
SG&A Expenses¥1.44B¥1.34B+7.4%
Operating Income−¥116M¥100M−216.0%
Non-operating Income¥24M¥12M+89.6%
Non-operating Expenses¥21M¥31M−32.6%
Ordinary Income−¥113M¥82M−237.8%
Profit Before Tax−¥78M¥79M−198.5%
Income Tax Expense¥27M¥96M−72.2%
Net Income−¥105M−¥16M−546.8%
Net Income Attributable to Owners−¥105M−¥16M−556.2%
Total Comprehensive Income−¥104M−¥16M−550.0%
Depreciation & Amortization¥121M¥87M+38.3%
Interest Expense¥18M¥25M−26.1%
Basic EPS−¥22.34−¥3.46−545.7%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥3.67B¥2.84B+¥829M
Cash and Deposits¥293M¥754M−¥461M
Accounts Receivable¥925M¥737M+¥188M
Inventories¥4M--
Non-current Assets¥3.66B¥3.76B−¥100M
Property, Plant & Equipment¥1.47B¥1.47B−¥5M
Intangible Assets¥1.85B¥2.03B−¥187M
Goodwill¥1.80B¥1.98B−¥178M
Investment Securities¥2M¥2M¥0
Total Assets¥7.33B¥6.60B+¥729M
Current Liabilities¥3.86B¥2.75B+¥1.11B
Accounts Payable¥506M¥414M+¥91M
Short-term Loans¥1.50B--
Non-current Liabilities¥1.39B¥1.67B−¥278M
Long-term Loans¥1.00B¥1.31B−¥310M
Total Liabilities¥5.25B¥4.41B+¥832M
Total Equity¥2.08B¥2.19B−¥103M
Capital Stock¥448M¥447M+¥630,000
Capital Surplus¥348M¥347M+¥630,000
Retained Earnings¥1.33B¥1.44B−¥105M
Treasury Stock−¥296,000−¥296,000¥0
Owners' Equity¥2.08B¥2.19B−¥103M
Working Capital−¥184M--

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow−¥1.60B−¥740M−¥862M
Investing Cash Flow−¥11M−¥231M+¥220M
Financing Cash Flow¥1.15B¥207M+¥941M
Free Cash Flow−¥1.61B--

Profitability Ratios

ItemValue
Net Profit Margin−1.8%
Gross Profit Margin22.6%
Current Ratio95.2%
Quick Ratio95.1%
Debt-to-Equity Ratio2.52x
Interest Coverage Ratio−6.39x
EBITDA Margin0.1%
Effective Tax Rate−34.0%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change−5.5%
Operating Income YoY Change−216.0%
Ordinary Income YoY Change−237.8%
Profit Before Tax YoY Change−198.5%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)4.70M shares
Treasury Stock501 shares
Average Shares Outstanding4.70M shares
Book Value Per Share¥443.54
EBITDA¥5M

Dividend Information

ItemAmount
Q2 Dividend¥0.00

Segment Information

SegmentRevenueOperating Income
Construction¥1.58B−¥131M
ConstructionRelated¥1.90B¥177M
HumanResourceRelated¥1.93B¥117M
NursingCare¥462M¥44M

Full Year Forecast

ItemForecast
Net Sales Forecast¥13.50B
Operating Income Forecast¥540M
Ordinary Income Forecast¥530M
Net Income Attributable to Owners Forecast¥200M
Basic EPS Forecast¥42.59
Dividend Per Share Forecast¥0.00