Source disclosure: January 14, 2026
MERF Inc. [3168.T]
TOKYO, Aug 14, 2026 (JCN Newswire=) - MERF Inc., listed on the Tokyo Stock Exchange under code number 3168, reported its earnings presentation for the first quarter of fiscal year ending August 2026. The company's consolidated results for the period from September 1, 2025 to November 30, 2025, showed mixed performance compared to the same period last year.
For the quarter ended November 30, 2025, MERF recorded a sales 2% from the previous year's figure of 21,350 million yen. Operating income declined significantly to 737 million yen from 14 million yen in the corresponding period last year, reflecting a drop of 93.9%. Similarly, ordinary income fell to 711 million yen from 32 million yen, representing an 83.8% decline. Net income attributable to shareholders of the parent company was 407 million yen, down from 32 million yen, indicating a substantial reduction of 72.7%.
The company's per-share net income for the quarter stood at 28.80 yen, up from 2.33 yen in the prior-year period. This increase is attributed to changes in the share count rather than improved profitability. Total assets as of the end of the reporting period were 27,113 million yen, while equity amounted to 9,554 million yen, resulting in a capital adequacy ratio of 35.2%, slightly lower than the 35.9% seen in the comparable period of the previous year.
Regarding dividend payments, MERF did not declare any interim dividends for the current fiscal year but plans to distribute 10.00 yen per share each for the second and third quarters, totaling 20.00 yen per share for the full fiscal year based on their projected outlook. For the fiscal year ending August 2026, MERF forecasts consolidated revenues of 83,144 million yen, showing a marginal growth of 0.9% over the previous year. However, operating profit is expected to rise by 535.4% to 744 million yen, driven by cost management improvements and operational efficiencies. Despite this, the company anticipates no change in net income, which remains at 274 million yen, translating to an estimated annual EPS of 19.38 yen.
These projections indicate that while MERF faces challenges in maintaining top-line growth, it aims to bolster profitability through internal restructuring and expense control measures. The company will continue to monitor market conditions closely and adjust strategies accordingly to meet its long-term objectives.
Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.
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