MARUWN CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Dividend Revised Upward by 3 yen

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Fri Nov 8, 2024 4:00 pm JST Earnings

9067 MARUWN CORPORATION 【J-GAAP】

Earnings Report

MARUWN CORPORATION <9067> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.2 times that of the same period last year, reaching 557 million yen, exceeded the previous forecast of 320 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.4%, from the previous forecast of 940 million yen to 1.01 billion yen (compared to 704 million yen in the previous period), increasing the growth rate from 33.5% to 43.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to nearly flat at 453 million yen, up 0.4% from the same period last year.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 10 yen to 13 yen (compared to 9 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.6 times that of the same period last year, reaching 265 million yen. The operating profit margin improved from 0.8% in the same period last year to 2.2%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	22,906	-18	66	67	2.3	10.8	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	22,171	187	253	125	4.3	35.9	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	22,568	496	557	509	17.7	55.1	Nov 8, 2024	J-GAAP
YoY	+1.8%	+165.2%	+120.2%	+307.2%	+307.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	22,300	270	320	190	6.6	5	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	22,568	496	557	509	17.7	5	Nov 8, 2024	J-GAAP
Revision Rate	+1.2%	+83.7%	+74.1%	+167.9%	+168.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	45,800	840	940	570	19.7	10	May 9, 2024	J-GAAP
Mar, 2025 New	45,300	900	1,010	750	26.0	13	Nov 8, 2024	J-GAAP
Revision Rate	-1.1%	+7.1%	+7.4%	+31.6%	+31.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	22,821	322	451	291	10.1	5	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	22,732	404	453	241	8.3	8	Nov 8, 2024	J-GAAP
YoY	-0.4%	+25.5%	+0.4%	-17.2%	-17.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	46,586	439	612	316	10.9	8	May 11, 2023	J-GAAP
Mar, 2024	44,992	509	704	416	14.4	9	May 9, 2024	J-GAAP
Mar, 2025 Guidance	45,300	900	1,010	750	26.0	13	Nov 8, 2024	J-GAAP
YoY	+0.7%	+76.8%	+43.5%	+80.3%	+80.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,182	84	101	26	0.9	0.8	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	11,679	156	212	127	4.4	1.3	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	11,142	166	239	164	5.7	1.5	May 9, 2024	J-GAAP
Apr - Jun, 2024	11,307	243	292	187	6.5	2.1	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	11,261	253	265	322	11.2	2.2	Nov 8, 2024	J-GAAP
YoY	+0.7%	+201.2%	+162.4%	+1,138.5%	+1,141.1%