Meiji Electric Industries (3388) Earnings: Operating Income Decreases 94.3% YoY to 30 Million Yen

Meiji Electric Industries (3388) has released its latest financial results, reporting operating income of 30 million yen, a 94.3% decrease year-on-year. Net sales for the period were 14,250 million yen (a 15.6% decrease year-on-year), ordinary income stood at 146 million yen (down 76.3% YoY), and net income attributable to owners of the parent was 98 million yen (down 77.7% YoY). Meanwhile, comprehensive income rose significantly to 1,277 million yen, representing a 174.7% increase compared to the same period of the previous year. Regarding financial stability, the company maintains a solid equity ratio of 71.9% and accumulated retained earnings of 28.55 billion yen, reflecting a robust financial foundation. Earnings per share (EPS) for the period was 7.73 yen, with a Return on Equity (ROE) of 0.34%, Return on Assets (ROA) of 0.20%, and EBITDA of 30 million yen.