Mimaki Engineering's first-half profit rose faster than its sales, and part of the gap came from a one-off refund. Operating profit reached ¥5.67bn, up 42.0%, on sales of ¥43.61bn, up 10.7%. The company said ink sales rose 15.2% to ¥18.46bn.
A tariff refund inside the margin
Mimaki received a refund of US additional tariffs it paid in the prior year. The earnings deck puts the refund at ¥807mn and says it was the main reason the cost-of-sales ratio improved to 48.9% from 51.0%. Excluding the refund, the ratio was 50.9%, 0.1 percentage point below a year earlier. A weaker yen also helped: the dollar averaged ¥159.37 against ¥146.04, and currency effects added ¥1.24bn to operating profit. The company raised its full-year guidance on November 6, and it now expects operating profit of ¥10.3bn on sales of ¥91.4bn.
A new product line and a software purchase
Mimaki entered printer ancillary equipment under a new brand, Mimaki La-meccanica. The first products are two sizes of large-format laminators for sign graphics and a desktop shaker for direct-to-film printers, listed among its September 2026 releases. The short-form results give no sales figure for the line.
On August 25, 2026, Mimaki bought all the shares of a software developer for ¥400mn in cash, making it a wholly owned subsidiary. The target works on 3D computer graphics and embedded systems for appliances. Mimaki cited a shortage of software engineers as its reason for the deal. Because the deemed acquisition date was September 30, only the target's balance sheet entered the half-year accounts, and provisional goodwill is ¥218.9mn. The unit adds no earnings to the first-half figures.