Mimaki Research Memo (8): Planning to increase the dividend by 2.5 yen due to an upward revision of the financial estimates.

■ The shareholder return strategy of Mimaki Engineering (6638) positions profit return to shareholders as a critical management policy, with a fundamental principle of distributing results that align with performance growth in a stable and continuous manner. As a result, for the fiscal year ending in March 2025, the Dividends per share is planned to be 32.5 yen, reflecting the upward revision of the Financial Estimates, which is an increase of 2.5 yen compared to the initial forecast (end of the second quarter: 17.5 yen, end of the fiscal year: 15.0 yen). (Written by: Fisco guest Analyst Hidetaka Miyata)

Fisco JapanDec 13 11:08

Mimaki Research Memo (5): Highest profit in the first half, "Mimaki V10" achieved ahead of schedule.

■ Performance trends of Mimaki Engineering <6638> 1. Performance trends for the cumulative second quarter of the fiscal year ending March 2025 The performance for the cumulative second quarter of the fiscal year ending March 2025 showed favorable results, with revenue of 40,942 million yen (up 15.5% compared to the same period last year), operating profit of 4,698 million yen (up 101.5% compared to the same period last year), ordinary profit of 4,321 million yen (up 114.5% compared to the same period last year), and interim net profit attributable to the parent company's shareholders of 3,250 million yen (up 130.1% compared to the same period last year), having made two upward revisions during the period, achieving the highest performance in history for the half-year.

Fisco JapanDec 13 11:05

Mimaki Research Memo (4): Establishing a sales subsidiary and actively expanding Overseas.

■Mimaki Engineering <6638> Business Overview 2. Global Expansion The company is actively expanding not only in advanced countries such as Europe and the USA, but also in rapidly growing emerging countries like China and Brazil by establishing overseas sales subsidiaries. Currently, it provides products and services in the SG, IP, and TA markets in about 150 countries and regions worldwide. In addition, the company is leading the establishment of a locally-focused sales and maintenance service network, allowing real-time access to dense customer information.

Fisco JapanDec 13 11:04

Mimaki Research Memo (3): Following the SG market, both the IP market and the TA market have also grown significantly.

■ Mimaki Engineering <6638> Business Overview 1. Business Description The company's business is segmented not only by product but also by market. The market segments are: the SG market that supports the production of advertisements and signs, the IP market that embellishes Industrial Products and trinkets for general consumers, and the TA market that print on fabrics and ready-made clothing. There are many final products directly related to consumer lives, such as printed materials, signs, smartphone cases, electronic products, and clothing, which leverage the company's technology.

Fisco JapanDec 13 11:03

Mimaki Research Memo (2): The ultimate development goal is that "anything can be printed on anything other than water and air."

■Company Overview 1. Company Overview Mimaki Engineering <6638> is a leading manufacturer of industrial inkjet printers, providing a one-stop solution for the development, manufacturing, sales, and maintenance services of various inkjet printers, cutting plotters, 3D printers, and the inks and Software used in these products according to customer needs. The company positions its ultimate development goal as being able to 'print on anything except water and air', and is a development-oriented company that is always focused on 'novelty and...

Fisco JapanDec 13 11:02

Mimaki Research Memo (1): Performance is progressing well, exceeding the medium-term target operating margin of 10% in the first half.

■Summary 1. Mimaki Engineering <6638> is a development-oriented company that manufactures and sells industrial inkjet printers and consumables in a one-stop solution. The sales market includes the SG (Sign Graphics) market for creating advertisements and signs, and the IP (Industrial Products) market for embellishing industrial products and small consumer trinkets.

Fisco JapanDec 13 11:01