MISUMI : FY2025 (ended March 2026) Full year earnings report (3,844KB)

FY2025(ended March 31,2026)

Full-year Earnings Report

April 30, 2026

MISUMI Group Inc. (9962)

Representative Director and President Arata Shimizu

YoY growth in both revenue and profit

Net Sales: ¥441.3 Bn (+9.8% YoY) — Record high for both the full year and Q4 Operating Income: ¥47.6 Bn (+2.4% YoY) — Record high on a quarterly basis for Q4

Planning record-high net sales and operating income Net Sales: ¥491.5 Bn (+11.4% YoY)

Operating Income: ¥55.0 Bn (+15.5% YoY), OI Margin: 11.2%

（Heightened Middle East tensions could lead to higher raw material and logistics costs, but the outlook remains uncertain and no quantitative impact has been factored into the consolidated earnings forecast）

FY25

Full-year dividend: ¥52.98/share (Dividend payout ratio:35%), Share buyback: ¥25.0 Bn

FY26

Progressive dividend policy introduced (dividend payout ratio: 35%); full-year dividend

planned at: ¥52.98/share, Share buyback: ¥30.0 Bn

1. Earnings Overview for FY2025 4

2. Future Growth Strategy 14

3. FY2026 Full-year Performance Outlook 20

4. Reference Materials 27

1. Earnings Overview for FY2025

   FY25 Full-Year Results

   ＜Market Outlook / Market Trends＞

   -An uncertain business environment is expected to persist, driven by factors such as U.S. tariff policies and rising geopolitical risks.

   - Despite delays in certain automotive investment projects, demand related to telecommunications continued to remain robust.

   ＜Sales Growth / Profitability＞

   • Sales Growth: Digital MODEL Shift initiatives drove growth, with full-year net sales reaching a record high.

   • Profitability: Higher profitability driven by telecommunications-related demand and growth in China and other Asian markets.

   ＜Strategy Execution / Infrastructure Enhancement＞

   -The combination of a “Digital MODEL Shift” and “region-specific growth strategies” is generating tangible results.

   -Strengthened the Americas business and acquired AI-related capabilities through the acquisition of Fictiv.

   Consolidated Financial Results

   Net sales amounted to ¥441.3 Bn (+9.8% YoY), and operating income totaled ¥47.6 Bn (+2.4% YoY), achieving record-high in net income.

   10.8%

   11.1%

   -

   +0.8pt

   (+0.7pt)

   12.3%

   11.6%

   Margin

   +3.1%

   46.2

   +2.4%

   (+0.7%)

   47.6

   52.6

   46.4

   Operating

   Income

   +0.3pt

   -0.1pt

   (-0.2pt)

   -0.8pt

   (-0.9pt)

   10.5%

   +0.3pt

   ※4

   Net income 36.5 45.1

   +23.4%

   (ｰ)

   -4.6

   40.4

   +10.7%

   (ｰ)

   33.9

   +19.3%

   ※3

   -4.9

Post-Fictiv consolidation Billion yen

+6.2%

(+5.6%)

49.0

+2.9%

Pre-Fictiv consolidation

Fictiv

FY24

Actual

FY25

Actual

YoY change

(Local currency basis)

25.Jul ~ 26.Mar

Nine months

FY25

Actual

YoY change

(Local currency basis)

FY25

Announced figures (1/30)

FY25

vs. Announced figures （1/30)

Net Sales

401.9

427.0

+8.6%

(+7.3%)

14.3

441.3

+9.8%

(+9.2%)

440.0

+0.3%

※1 Before goodwill amort.

Operating Income

46.4

52.6

50.4

Margin

11.6%

12.3%

+0.8pt

(+0.7pt)

-

11.4%

※1: Profit calculated by adding amortization of goodwill and amortization of intangible assets related to the acquisition of Fictiv Inc. to

operating profit

※2: Breakdown: Fictiv standalone performance: −¥1.0 Bn ; M&A advisory fees: −¥1.1 Bn

※3: Included amortization of goodwill and related items: −¥2.8 Bn

※4: Includes the decrease in income tax adjustments attributable to, among others, the recognition of deferred tax assets for net

FY25 Exchange rate

USD： ¥151.0, EUR： ¥174.6, RMB： ¥21.3

Sales and Operating Income by Business Segment

FA: Performance remained solid, driven mainly by telecommunications-related demand; however, operating income declined due to the consolidation of Fictiv.

Die Components: Profit declined, impacted by sluggish automotive demand in the Americas and Europe.

FY24

Actual

FY25

Actual

YoY change

(Local currency basis)

Net Sales

Operating Income

FY24

Actual

Margin

FY25

Actual

Margin

YoY change

（Local currency basis)

Billion yen

Digital MODEL Shift: Performance

FY24

Actual

※1

FY25

（Announced figures7/25）

FY25

Actual

YoY

change

Vs.

Announced figures 7/25

Total

35.2

61.6

64.2

+81.5%

+4.3%

Online Processing

Business

KPI

Progress

meviy

Cumulative users

240,000 (+26.3% YoY)

Plans fell short due to sluggish conditions in the domestic EV market.

Fictiv

Economy Series

# of customers approximately 2,000 companies

# of customers

95,000 companies

(+5.6% YoY)

Cyber NW procurement integration: over 700 companies

The integration process with MISUMI continues to progress smoothly

Continued growth led by China and Asia

D-JIT

Enhanced global volume responsiveness

Net Sales

Billion yen

※1: Digital MODEL Shift FY25 initial plan

Fictiv’s Business Performance (Standalone Basis)

Growth accompanied by improved profitability, with net sales of $117 Mn (+50.3% YoY) and a 21-percentage-point improvement in operating income margin.

  FY25 Quarterly Sales Trend ※1                   CYFY

（US ＄M） 1Q 2Q 3Q 4Q

25. Jan～25.Dec

25.Apr～26.Mar

Orders

24

Sales 23

36

Orders Full-year ＄116 Mn

YoY

+43.0%

Orders Full-year ＄115 Mn

YoY

+49.9%

35 31

32

25

Sales Full-year ＄117 Mn

YoY

+50.3%

Sales Full-year ＄112 Mn

YoY

+54.0%

27

1

(5)

(10)

(5)

(10)

(2)

Op. Income Full-year -11%

YoY

+21pt

Op. Income Full-year -7%

YoY

+27pt

-2

(6)

(6)

Op. Income -6 -6

※2

(Op. Income %)

（-25%） （-7%） （+2%） （-20%）

※1: Business performance from July 2025 (Q2) onwards included in consolidated results

※2: Excl. M&A intermediary fees and goodwill amortization

※3: Q1 figures exclude one-time stock-based compensation expenses 9

Sales by Region

Sales

YoY

Yen basis Local currency basis

367.6

401.9

¥ 441.3 Bn

Others

Europe

U.S.

Europe ¥27.6 Bn +3.3% -3.2%

• Manufacturing PMI improved from Q4 onward; however, a full recovery has yet to materialize

  Asia

  China

  Japan

  FY23 FY24 FY25

  • Significant YoY growth following Fictiv consolidation

  • Pre-consolidation, growth was maintained through proprietary initiatives despite ongoing uncertainty from tariffs and other factors

    Asia ¥72.0 Bn +12.6% +12.3%

  • Semiconductor-related demand remained strong; E-products were also solid

    China ¥91.9 Bn +15.9% +14.9%

  • E-products remained strong; telecommunications-related demand accelerated in 2H

    Japan ¥177.2 Bn -0.3% ー

  • Q4 showed signs of recovery, while automotive-led market softness persists

Overseas ratio

53.4%

55.8%

59.8%

Sales Variance Analysis

Growth was driven by Digital MODEL initiatives, achieving +9.8% YoY and broadly in line with the 3Q disclosure.

Billion yen

401.9

34.8

-12.9

1.3

14.8

440.0 0.4 0.1

Volume Tariffs

Increase impact

1.1

Forex impact

   -0.4    

Fictiv

441.3

Volume Increase

Tariffs impact

Forex impact

Fictiv

+¥39.3 Bn （+9.8%）

FY25

Announced figure(1/30)

FY25

Actual

450.0

400.0

350.0

300.0

250.0

200.0

150.0

100.0

FY24

Actual

Operating Income Variance Analysis

Higher sales volumes offset the impacts of tariffs and the Fictiv acquisition, among other factors, delivering a

¥1.1 Bn YoY increase in profit and outperforming the 3Q disclosure.

Billion yen

70.0

60.0

50.0

46.4

16.5

-5.8

+¥1.1 Bn (+2.4%)

Sales volume:+0.2

Product MIX:+0.3

-0.6

Others

1.5

Forex impact

0.5

Sales volume increase & others

Fictiv

46.2

Other

expenses

Sales

volume increase

-4.1

Org

reinforcement

-2.2

Forex

impact

-3.2

-1.3

0.0

Product MIX

-0.2

PU/ CD/ CU※

PU:+1.1 CU:-1.3

Tariffs

impact

47.6

40.0

30.0

20.0

FY25

Announced figures (1/30)

10.0

0.0

FY24

Actual

※ PU/CD/CU(PU=price up/increase, CD=cost down/decrease, and CU=cost up/increase)

FY25

Actual 12

Cash Allocation

Completed the acquisition of Fictiv and entered into a capital and business alliance with Oishii Farm.

• FY25

Strategic Investment

（M&A etc.）

¥54.2 Bn

Growth Investment

Organic Investment

¥14.2 Bn

（IT ¥8.4 Bn, Production/Logistics ¥5.8 Bn）

Share Buyback

¥25.0 Bn

Cash on Hand

¥159.2 Bn

(As of end-Mar. 2025)

Shareholder

Returns

Dividends

(Dividend payout ratio: 35%)

¥11.3 Bn

Cash on hand

¥112.9 Bn

(As of end-Mar. 2026)

※ Only principal uses of funds are shown

※ The Fictiv acquisition amount under strategic investments is calculated at ¥143.23 / USD 13

1. Future Growth Strategy

   MISUMI 3 Growth Strategies

   We aim to expand our business domain by making proactive investments across three strategic pillars: global expansion, digital transformation, and entry into growth markets.

   A platform that supports customers’ process innovation

   China America

   Japan

   Own factories

3 Customers MISUMI MISUMI/ Third-party

Customization

Reliable and Quick Delivery

products

1 Global Expansion

MISUMI

products

２ Digital MODEL Shift

Third-party

products

Advancing further by leveraging AI

① Global Expansion

Designation of priority regions and strategic countries to enable focused investment.

Local customers

Local product

× development

Local

× management

Driving synergies between MISUMI USA and Fictiv

(approx.90%) （Economy series, etc.)

David Evans appointed CEO of both companies

Europe

China

※

＋15.3%

Asia

※

Japan

Americas

※

＋15.7%

＋8.8%

Over the next two years, we aim to develop India and Vietnam into

¥10 bn+ local subsidiaries, following Korea and Thailand.

※FY26 sales growth rate Local currency basis

② Digital MODEL Shift

Selected as a 2026 DX Stock (Grand Prix); accelerating the Digital MODEL Shift through enhanced AI investment.

High

Digital MODEL Shift Initiatives

Software service companies

gn

Desi

Procurement Production Floor

IT Readiness

EC

service companies

Intermediate distributors

Production parts suppliers

Seamless Digital design support

Pricing variations Flexible quantity support

Uninterrupted operations and reliable inventory management to avoid stockouts

Low

Low

Industrial Automation Expertise

High

③ Entry to Growing Industries

We are actively advancing our entry into new growth industries emerging through AI.

Investing to double supply

capacity for automated stages

For Data Centers

Capital and business

partnership with Oishii Farm; promoting joint R&D

Driving the expansion of

the agrifarm market

For Agri-tech

Advancing partnerships with

robotics and humanoid-related companies

Strengthening robotics /

supply chain

(Under consideration)

For Robotics· Humanoids

Cash Allocation

Setting a growth investment budget for the next 3 years and, in parallel, introducing a progressive dividend premised on dividend increases to clearly define the balance between growth investments and shareholder returns.

FY26-28

Growth

Investment

Strategic Investment

（M&A etc.）

Organic Investment

(AI / DX etc.)

Share Buyback

Shareholder

Returns

Dividends

Cash on Hand

Minimum Required

Cash

• Setting a growth investment budget of up to

  ¥150.0 Bn over the next 3 years

• Excess funds to be directed toward share buybacks, taking into account stock price levels

• FY26 share buyback: ¥30.0 Bn

• Newly introducing a progressive dividend with an approximate 35% payout ratio target, for more stable shareholder returns

• ¥70.0 Bn

6 BCP

（Maintaining level sufficient to fulfill supply responsibilities for months even in situations)

1. FY2026 Full-year Performance Outlook

   Consolidated Business Outlook

   Net sales of ¥491.5 Bn (+11.4% YoY) and operating income of ¥55.0 Bn (+15.5% YoY), with operating income planned to reach a record high.

   Pre-Fictiv consolidation

   Fictiv

   Post-Fictiv consolidation Billion yen

   FY25

   Actual

   FY26

   Plan

   YoY change

   (Local currency basis)

   FY25 FY26

   Actual Plan

   (9months) (12months)

   YoY

   change

   (Local currency basis)

   FY25

   Actual

   FY26

   Plan

   YoY change

   (Local currency basis)

   59.5

   -2.1

   -0.8

   ｰ%

   （-%）

   58.7

   11.4%

   12.0％

   +0.5pt

   （+0.3pt）

   59.5

   -4.5

   55.0

   -7.6%

   （-）

   37.4

   40.4

   ｰ%

   （-%）

   -4.3

   -4.6

   -7.3%

   （-）

   41.7

   45.1

   ※3

   Net income

   +0.4pt

   （+0.2pt）

   11.2%

   10.8%

   -

   -

   -

   +0.4pt

   (+0.1pt)

   12.7%

   12.3%

   Margin

   +１5.5% (+12.4%)

-4.9

※2

52.6

Operating Income

-

-

-

+0.4pt

(+0.1pt)

12.7%

12.3%

Margin

52.6

※1 Before goodwill amort.

Operating Income

+11.4%

(+10.4%)

491.5

441.3

+54.3%

（+55.3%)

22.1

14.3

+9.9%

（+8.9%）

469.3

427.0

Net Sales

※1: Operating income plus amortization of goodwill and intangible assets associated with the acquisition of Fictiv Inc.

※2: Includes amortization of goodwill, etc.: -¥3.7 Bn

FY26 Assumed Exchange Rates USD: ¥152, EUR: ¥179, RMB: ¥22

Sales and Operating Income by Business Segment

FA growth driven by the Americas, China, Asia, and the Digital MODEL Shift initiatives. Improvements in profitability in the Die Components and VONA businesses.

FY25

Actual

FY26

Plan

YoY change

(Local currency basis)

FY25

Actual

Margin

FY26

Plan

Margin

YoY change

(Local currency basis)

Net Sales

Operating Income

Billion yen

Digital MODEL Shift Performance

FY25

Actual

Net Sales

FY26

Plan

Billion yen

YoY change

Total

64.2

87.5

32.1

Online Processing

Business

46.4

FY26 Action Plans for Each Initiative

meviy

17.7

24.3

＋36.8%

Addressing both prototyping and mass production needs

Fictiv

14.3

22.1

※1

＋54.0%

(+24.8%)

Expanding customer penetration by enhancing capability and

responsiveness

Economy Series

18.3

25.1

＋37.2%

Customer expansion driven by continued enhancement of

product variety

D-JIT

13.8

16.0

＋15.9%

Further expansion of countries of operation

Fictiv’s Business Performance (Standalone Basis)

Sustaining growth with improved profitability, and on track to achieve profitability in FY2027 as originally planned.

FY24

FY25

FY26 Plan

155

116

146

Orders

117

81

Sales

78

-13

-5

Op. Income

(Op. Income %)

-26

（-32%）

（-11%）

（-4%）

（US ＄M）

Full-year Sales Trend ※1

Orders Full-year YoY

+33.8%

Sales Full-year YoY

+24.8%

Op. Income Full-year YoY

+7pt

(20)

(40)

(20)

(40)

(5)

(13)

(26)

※2

※1: Business performance from July 2025 (Q2) onwards included in consolidated results

※2: Excl. M&A intermediary fees and goodwill amortization

Sales by Region

YoY

                                                                     basis    

Yen basis Local currency

Europe ¥29.2 Bn +5.6% +3.3%

• Gradual market recovery anticipated, though uncertainty is expected to persist

¥491.5 Bn

441.3

Others

Europe

U.S.

U.S.

Pre-Fictiv consolidation

¥75.2 Bn

+18.8%

+18.4%

401.9

¥53.0 Bn

+8.4%

+7.9%

Asia

• Accelerating penetration in the Americas market through Fictiv integration

Asia

¥77.8 Bn

+8.1%

+9.4%

China

• Positioning Vietnam and India as priority countries

China

¥110.9 Bn

+20.6%

+16.1%

• Continued growth through the Digital MODEL, alongside sustained telecommunications-related demand.

Japan

¥188.7 Bn

+6.5%

ー

• Gradual recovery in capital expenditure demand, while advancing digital initiatives

Japan

FY24 FY25 FY26

Overseas Ratio

55.8%

59.8%

61.6%

Operating Income Variance Analysis

Volume-driven profit growth is expected to offset growth investments in AI and DX; operating income planned at

¥55.0 Bn (+15.5% YoY).

Billion yen 70.0

60.0

14.1 0.9

+¥7.4 Bn（+15.5%）

PU/ CD/ CU※

▲1.1 ▲7.4

Strengthening Supply chain

▲1.5

0.5 0.4 1.4

55.0

50.0

47.6

Sales

PU：+1.3 CD：+0.9 CU：-1.3

AI・DX

Org reinforcement

Other expenses

Fictiv

Forex impact

40.0

30.0

volume

increase

Sales volume：+13.5 Product MIX：+0.6

Business profit and loss：+0.7

Full-year impact：-0.4 Goodwill amort：-1.0 M&A costs：+1.1

20.0

10.0

0.0

FY25

Actual

※ PU/CD/CU(PU=price up/increase, CD=cost down/decrease, and CU=cost up/increase)

FY26

Plan

1. Reference Materials

Digital Transformation Stock (DX Stock) 2026 - Grand Prix selected from approx. 3,800 listed companies (3 companies)

1

Realizing “Infinite Manufacturing”

By driving continuous process innovation, MISUMI

has expanded beyond standard components into upstream and downstream manufacturing domains. The company enables “unlimited manufacturing” through digital technologies such as 3D CAD data utilization and AI-based image recognition.

Key Points for Which MISUMI Was Recognized

22 Company-wide deployment of digital initiatives

MISUMI clearly defined its growth strategy, “Digital MODEL Shift,” and DX vision, embedded digital initiatives into management policies, and implemented structured definition, development, and retention of digital talent.

3 Proactive dialogue with investors

MISUMI was recognized for actively disclosing quantitative results and plans related to its Digital MODEL Shift, clearly communicating its growth direction with a high level of transparency and investor engagement.

4 Evolving into DX encompassing mass production processes

While strengthening its core capability of high-mix, low-volume production with assured short lead times, MISUMI has extended DX to include mass production processes. Through the acquisition of Fictiv, it has evolved into a platform enabling integrated ordering of both standard and custom products.

5 Manufacturing foundation and AI utilization built

MISUMI built a manufacturing data platform and implemented an optimal collaboration model linking suppliers and inventory, achieving company-wide optimization. The utilization of generative AI was also highly evaluated in this year’s assessment.

Ministry of Economy, Trade and Industry (METI), Tokyo Stock Exchange, and IPA jointly selected

Japan & Overseas Sales

Million yen

350,000

300,000

250,000

200,000

150,000

100,000

50,000

0

17 18 19 20 21 22 23 24 FY25 FY26

Plan

Sales by Region

Million yen

110,915

77,874

Yen basis

72,045

75,203

63,307

（Pre-Fictiv

consolidation）

53,066

38

29,2

27,676

Europe

48,954

U.S.

Asia

China

120,000

100,000

80,000

60,000

40,000

20,000

0

17 18 19 20 21 22 23 24 FY25 FY26

Plan

Capital Investment Performance

Billion yen

Production/ Logistic-related IT-related

21.4

18.0

17.9

15.4

16.5

15.4

18.0

6.0

12.1

14.0

13.6

7.8

5.4

9.4

5.6

14.2

5.8

（incl.¥1.5 Bn

for logistics）

4.3

4.9

6.8

（incl.¥2.6 Bn

for logistics）

12.0

10.0

9.3

8.6

9.7

10.9

8.7

10.1

8.6

8.4

17 18 19 20 21 22 23 24 FY25 FY26

Plan

1 Consolidated Balance Sheet

Upload

3D CAD

models

Instant price and delivery quotes

Digital Manufacturing

Generate machining

programs

automatically

Minimum 1-day shipping

• Simply upload 3D data for machine parts, and AI automatically generates instant quotations. Our proprietary digital manufacturing platform (available free of charge) enables shipping in as little as one day

• Newly introduced, competitively priced mid-range product line from China

Comparison with existing products

Existing product

Accuracy

(I.D. Intersection)

Price index

-0.009 to 0

100

• A unique system is now in place that allows us to respond to our customers' needs, even for high-volume orders with short lead times

• From “MISUMI for small quantities, quick delivery” to “MISUMI even for larger quantities”, which will be rolled out globally from Japan

Needs1,000 pieces

Algorithm finds

100

pcs in stock

Order received

Order plac

ed

500 pcs in stock

400 pcs in stock

Instant Response

Achieving stable, bulk supply

Significantly increased volume capacity

Cyber Network connected to over 700 companies

• Total cost reduction for indirect materials, tailored to customers’ purchasing patterns

  ne

  ble

  Equipment

  Manufacturers

40

• Expand from existing equipment manufacturing customers to mass-production factory customers across different industries

Contracted goods

《① High frequency items》

Vending machi

items readily availa    

《② Mid frequency items》

Regular delivery

Contracted goods

eliminating risk of shortages

《③ On demand items》

On demand items

EC/Dedicated Staff

accepting orders to provide quick quotation

Visualization of

Usage Data

"Who, when, and what“

Indirect Materials Total Supply Chain