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# Mitsubishi Pencil lifts its profit forecast after a stronger first half
- URL: https://news.knockology.com/mitsubishi-pencil-h1-2026/
- Published: 2026-07-30T17:00:00.000Z
- Updated: 2026-09-28T19:46:30.000Z
- Description: Sales rose 10.4%; operating profit grew 28.6%. The company also points to the weaker yen in its revised outlook.
- Author: Thomas
- Tags: Industry, Mitsubishi Pencil, Uni, Financials, Japan, #Import 2026-09-28 19:31

[Mitsubishi Pencil](https://www.mpuni.co.jp/?ref=news.knockology.com) reported **¥47.757 billion in first-half sales**, up **10.4%**, and **¥6.170 billion in operating profit**, up **28.6%**, on July 30\. [Profit](https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20260730/20260729502584.pdf?ref=news.knockology.com) grew substantially faster than revenue.

| January–June                 | 2025      | 2026      |
| ---------------------------- | --------- | --------- |
| Sales                        | ¥43.245bn | ¥47.757bn |
| Operating profit             | ¥4.799bn  | ¥6.170bn  |
| Operating margin, calculated | 11.1%     | 12.9%     |

*Margin is our calculation: operating profit divided by sales, rounded to one decimal place.*

The margin gain is approximately **1.8 percentage points**. Profit attributable to owners of the parent also increased, reaching **¥4.259 billion**, up **35.5%**. That bottom-line measure includes items beyond operating profit, so it should not be substituted for the operating margin above.

![First page of Mitsubishi Pencil’s July 30 results. Original issuer filing, reproduced as a document image.](https://news.knockology.com/content/images/2026/09/industry-uni-results.png)

First page of Mitsubishi Pencil’s July 30 results. Original issuer filing, reproduced as a document image. [Original source](https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20260730/20260729502584.pdf?ref=news.knockology.com)

## A higher bar for the full year

The company raised its full-year sales forecast from **¥94.0 billion to ¥95.5 billion**, and its operating-profit forecast from **¥10.5 billion to ¥11.5 billion**. The latter is a **9.5% increase over the previous forecast**, not a year-on-year growth rate.

The revision cites first-half performance and the continued weakness of the yen. These are consolidated company results and forecasts; they do not isolate [Kuru Toga](https://www.mpuni.co.jp/?ref=news.knockology.com), mechanical pencils or individual brands.

The manufacturer is generating more operating profit from each yen of reported sales and has increased its expectations for the year. The weak yen forms part of management’s explanation for the forecast; these figures alone cannot separate stronger product demand from currency effects.

Sources: [First-half results](https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20260730/20260729502584.pdf?ref=news.knockology.com); [forecast revision](https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20260730/20260729502583.pdf?ref=news.knockology.com). Both are original issuer disclosures hosted in the public TDnet filing archive.