Miyakoshi Holdings has sharply raised its outlook for the year to March 2027, lifting revenue guidance 75% to ¥3.5bn from ¥2.0bn and swinging to an expected operating profit of ¥150mn from a previously forecast ¥700mn loss. It now sees ordinary profit of ¥487mn, versus an earlier ¥363mn loss forecast, and net profit attributable to parent of ¥330mn, replacing a projected ¥345mn loss.
That would amount to a marked rebound from the previous year, when the company reported just ¥391mn of revenue, a ¥333mn operating loss, an ordinary loss of ¥839mn and a net loss of ¥1.94bn.
| Metric | Previous forecast | Revised forecast | Prior year result |
|---|---|---|---|
| Revenue | ¥2.0bn | ¥3.5bn | ¥391mn |
| Operating profit | ¥700mn loss | ¥150mn profit | ¥333mn loss |
| Ordinary profit | ¥363mn loss | ¥487mn profit | ¥839mn loss |
| Net profit attributable to parent | ¥345mn loss | ¥330mn profit | ¥1.94bn loss |
| Earnings per share | ¥8.62 loss | ¥8.25 profit | ¥48.42 loss |
The reason, according to the revision notice, is progress in the group’s new semiconductor business. Miyakoshi said negotiations with two major Chinese memory-chip manufacturers had become concrete enough that it could see a path toward a stable supply system. At the same time, it said large sales talks with Japanese corporate customers were advancing smoothly, leaving expected orders above the original plan.
A separate investor note published the same day adds some names and ambition, but investors should keep it distinct from the formal guidance table. In that document, Miyakoshi said the memory suppliers it is working with are YMTC in NAND and CXMT in DRAM. It also said it is building business ties with semiconductor trading houses in Japan and aims to strengthen links with 10 large listed companies by March 2027 as it builds out a bilateral distribution network.
The practical read-through is straightforward: the earnings upgrade is real, and large by any reasonable standard, but the disclosure still leaves plenty unsaid. The materials provided do not name Japanese customers or disclose order volumes or margins. Miyakoshi also repeated the standard warning that the forecast is based on information currently available and assumptions it considers reasonable, meaning actual results could still diverge from what is now a much more cheerful script.