MRAAY earnings: EPS beat by 16.7%, revenue far above expectations

Guidance “Operating profit 98.5 billion yen • Operating profit was up 59.8% year-on-year and up 32.6% on a constant currency basis. • Operating profit increased year on year due to gains in capacity utilization from higher production output and the positive impact of a weaker yen, despite increased fixed costs and a decline in product prices. 3 Projected Financial Results for FY2026 (July) Revenue 2.11 trillion yen • Revenue is expected to reach a record high, up 4.8% on a constant currency basis, and the full-year revenue forecast has been revised upward by 7.7% (+150.0 billion yen) from the April forecast. • The main factors are expected to be stronger demand for data-center-related components, particularly for AI servers, and a revision to the assumed exchange rate (from Q2 onward: JPY 155/USD).”

Guidance “Operating profit 430.0 billion yen • Operating profit is expected to reach a record high, up 5.9% on a constant currency basis, and the full- year operating profit forecast was revised upward by 13.2% (+50.0 billion yen) compared with the April forecast. • For the full-year profit forecast, rising material costs and higher fixed costs are expected to weigh on profit, while gains in capacity utilization from higher production output and the weaker yen are expected to contribute positively to profit.”