Miyakoshi flips forecast to profit as semiconductor orders top plan

Miyakoshi Holdings has rewritten its outlook for the year ending March 2027, lifting revenue guidance by 75 per cent to ¥3.5bn and moving from expected losses to profit at every major line. Operating profit is now forecast at ¥150mn, versus a prior expected loss of ¥700mn. Net profit attributable to owners is seen at ¥330mn instead of a ¥345mn loss.

The company says the upgrade follows progress in a semiconductor business it outlined separately the same day as part of a dual-track real estate and semiconductor strategy. In the guidance note, management says procurement talks with two major Chinese memory manufacturers have become concrete enough that a stable supply structure is starting to come into view. Large commercial negotiations with Japanese corporate customers are also progressing, and Miyakoshi says those combined moves should push orders above its original plan.

The swing is not confined to one line item. Ordinary profit guidance has been reset to ¥487mn from a previously forecast loss of ¥363mn, while revenue rises from the earlier ¥2.0bn target to ¥3.5bn. The comparison with last year is starker still: Miyakoshi reported ¥391mn of revenue for the year ended March 2026, alongside an operating loss of ¥333mn, an ordinary loss of ¥839mn and a net loss of ¥1.94bn.

What investors do not get yet are named buyers, closed contracts or a detailed breakdown of how much of the upgraded forecast rests on signed semiconductor sales. Nor does the filing identify the Japanese customers involved. The company says its figures are based on information currently available and assumptions it considers reasonable, and actual results could differ for various reasons. The new guidance suggests Miyakoshi has moved beyond a conceptual semiconductor plan, but execution still has to do the heavy lifting from here.