Meiko Construction (1869) Earnings: Operating Profit Up 52.1% YoY to 1,331 Million Yen

Meiko Construction (1869) announced its latest financial results, posting net sales of 21,464 million yen, a 1.7% increase compared to the same period of the previous year. Operating profit surged by 52.1% YoY to 1,331 million yen, ordinary profit rose 36.8% YoY to 1,672 million yen, and net income attributable to owners of the parent grew 20.2% YoY to 1,005 million yen. While top-line growth remained modest, profitability showed significant improvement across all profit tiers.

From a financial and valuation perspective, the company maintains a robust financial foundation with an equity ratio of 67.8%. Retained earnings stand at a substantial 65.95 billion yen against interest-bearing debt of 7.06 billion yen, reflecting a strong and conservative balance sheet. The company recorded an ROE of 1.47%, an ROA of 0.79%, and an EBITDA of 1.33 billion yen, demonstrating steady asset utilization and solid profit generation.