MEITEC Group Holdings Inc.
9744・Prime Market・Services
Engineering Solutions Business
The core engineer staffing segment accounting for over 90% of group revenue
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (external customers, full year) | ¥136,368 million (FY2026, ending March 2026) | ¥131,608 million (FY2025, ending March 2025) | ↑ |
| Segment revenue (including intersegment, full year) | ¥136,370 million (FY2026, ending March 2026) | ¥131,612 million (FY2025, ending March 2025) | ↑ |
| Segment profit (full year) | ¥19,693 million (FY2026, ending March 2026) | ¥18,316 million (FY2025, ending March 2025) | ↑ |
| Utilization rate - MT | 98.5% (FY2026, ending March 2026) | 98.3% (FY2025, ending March 2025) | ↑ |
| Utilization rate - MF | 97.2% (FY2026, ending March 2026) | 97.1% (FY2025, ending March 2025) | ↑ |
| Working hours - MT | 8.36h/day (FY2026, ending March 2026) | 8.38h/day (FY2025, ending March 2025) | ↓ |
| Working hours - MF | 8.22h/day (FY2026, ending March 2026) | 8.24h/day (FY2025, ending March 2025) | ↓ |
| Number of engineer employees - MT+MF total (period-end) | 12,103 (end of March 2026) | 12,147 (end of March 2025) | ↓ |
Business Details
The engineer staffing business handled by Meitec (high-end) and Meitec Fielders (mid-range) and others. Major clients are large manufacturers, and engineers are dispatched mainly to design and development areas under a permanent employment-type staffing model. Performance is determined by four indicators—utilization rate, number of engineer employees, unit price, and working hours—and the three functions of order-taking sales, recruitment, and career support are considered key to growth. In FY2026 (ending March 2026), both order intake and utilization rate remained solid, resulting in increased revenue and profit.
Recent Overview
Revenue and profit increased on solid order intake and utilization rates, though the number of engineer employees declined slightly due to recruitment difficulties
In FY2026 (ending March 2026), continued technology development investment aimed at the next generation by major manufacturers led to solid order intake and utilization rates, resulting in segment revenue of ¥136,370 million, up ¥4,758 million (3.6%) year-on-year, and segment profit of ¥19,693 million, up ¥1,377 million (7.5%) year-on-year. On the other hand, the combined number of MT and MF engineer employees decreased slightly to 12,103 (down 44, or 0.4%, year-on-year), mainly due to difficulties in recruitment. Working hours also decreased slightly year-on-year due to reduced overtime and other factors.
Key Products
Growth Drivers
- Continued expansion of technology development investment by major manufacturers looking toward the next generation
- Maintaining and improving utilization rates (MT 98.5%, MF 97.2%) to secure the number of staff on assignment
- Steady order intake through strengthened order-taking sales
- Retention and improved output of engineer employees through enhanced career support
- Maintaining utilization rates by promoting the assignment of new and existing employees
Risks
- Decline in the number of engineer employees due to a deteriorating hiring environment (12,103 at end of March 2026, down 44 year-on-year)
- Working hours depend on client work instructions and are not controllable by the company (slightly decreased year-on-year due to reduced overtime, etc.)
- Risk of AI substitution in some design and development areas due to accelerating technological innovation such as AI and autonomous driving
- Risk of investment restraint by major clients (large manufacturers) due to unstable overseas conditions and uncertain economic outlook
- Upward pressure on cost of sales due to increased labor costs, etc. (cost of sales up 4.4% year-on-year in FY2026, ending March 2026)
Last updated: June 22, 2026