MEIJI ELECTRIC INDUSTRIES CO.,LTD.

3388・Prime Market・Wholesale Trade

3388・Prime Market・Wholesale Trade

MEIJI ELECTRIC INDUSTRIES CO.,LTD.3388

Reference Indicators

Market Cap

284¥100M

P/E (Forecast)

—

P/B

0.7x

Dividend Yield (Forecast)

4.31%

ROE

7.9%

EV/EBITDA

3.3x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	67,749	70,947	74,580	78,672	76,360
Cost of Sales	58,743	60,692	63,588	66,878	63,971
Gross Profit	9,005	10,254	10,992	11,794	12,388
SG&A Expenses	6,996	7,529	8,077	8,499	8,718
Operating Income	2,008	2,724	2,914	3,294	3,670
Non-operating Income	452	338	437	314	428
Non-operating Expenses	22	12	19	12	8
Ordinary Income	2,439	3,050	3,332	3,596	4,090
Extraordinary Income	84	120	155	4	24
Extraordinary Losses	0	45	0	0	35
Pre-tax Income	2,522	3,125	3,486	3,601	4,079
Income Taxes	723	920	1,026	1,112	1,198
Net Income	1,780	2,191	2,426	2,435	2,844
EBITDA	2,242	2,944	3,141	3,630	4,121
Gross Margin	13.3%	14.5%	14.7%	15.0%	16.2%
Operating Margin	3.0%	3.8%	3.9%	4.2%	4.8%
ROA	4.0%	4.3%	4.7%	4.5%	5.0%
ROE	6.9%	7.8%	7.8%	7.3%	7.9%

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