Macbee Planet’s latest results offer a tidy split between a fairly sturdy top line and a much softer profit line. In the year ended April 2026, IFRS consolidated revenue slipped 2.1% to ¥50.6 billion, but operating profit fell 29.4% to ¥3.65 billion and profit attributable to owners of the parent dropped 31.6% to ¥2.35 billion. Operating margin narrowed to 7.2% from 10.0%.
The company nevertheless lifted its annual dividend to ¥55 a share from ¥36. That gives shareholders more cash, but not a cleaner earnings picture. Macbee plans to keep the dividend at ¥55 in the current year as well, even while forecasting profit attributable to owners to fall again, to ¥1.9 billion. The disclosed payout ratio therefore rises from 28.7% for the latest year to a forecast 32.4% for the current one.
Management’s guide for the year ending April 2027 is modest on sales and tougher on profit: revenue of ¥51.0 billion, up 0.8%, and operating profit of ¥3.0 billion, down 17.8%. The higher payout therefore does not, by itself, turn the earnings story around. It means more cash for shareholders while the published outlook still points to lower earnings.