kabutan

MARUWA, The Current Fiscal Year Operating Profit Revised Upward by 16%, Exceeded Record Profit Forecast

Wed Jan 29, 2025 10:00 am JST Earnings

5344 MARUWA CO., LTD. 【J-GAAP】

Earnings Report

MARUWA CO., LTD. <5344> [TSE Prime] announced its financial results in the morning on January 29th (10:00). The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 19.7 billion yen, an increase 37.1% compared to the same period last year.

In addition, the full-year consolidated operating profit has been revised upward 15.7%, from the previous forecast of 23 billion yen to 26.6 billion yen (compared to 19.8 billion yen in the previous period), increasing the growth rate from 16.2% to 34.3%. The company has further increased its previous forecast of record profits for the first time in two years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated operating profit for the October to March period (2H) is expected to increase 35.3%, from the previous forecast of 10.2 billion yen to 13.8 billion yen (compared to 11.1 billion yen in the same period of the previous year), turning to a 23.8% increase in the consolidated operating profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated operating profit grew 20.9% from the same period last year, reaching 6.94 billion yen. The operating profit margin rose from 33.9% in the same period last year to 37.9%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 44,577 16,039 16,982 11,934 967.4 80.2 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 45,026 14,393 14,967 10,603 859.5 70.9 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 53,141 19,734 20,034 13,965 1,131.8 ー Jan 29, 2025 J-GAAP
YoY +18.0% +37.1% +33.9% +31.7% +31.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 35,478 10,211 ー ー － 47 Oct 29, 2024 J-GAAP
Oct - Mar, 2024 New 37,278 13,811 ー ー － 47 Jan 29, 2025 J-GAAP
Revision Rate +5.1% +35.3% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 70,300 23,000 ー ー － 94 Apr 25, 2024 J-GAAP
Mar, 2025 New 72,100 26,600 ー ー － 94 Jan 29, 2025 J-GAAP
Revision Rate +2.6% +15.7% － － －

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 33,501 11,152 11,505 8,439 684.0 43 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 Guidance 37,278 13,811 ー ー － 47 Jan 29, 2025 J-GAAP
YoY +11.3% +23.8% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 58,804 20,142 21,187 15,020 1,217.5 78 Apr 27, 2023 J-GAAP
Mar, 2024 61,564 19,801 21,121 15,216 1,233.3 86 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 72,100 26,600 ー ー － 94 Jan 29, 2025 J-GAAP
YoY +17.1% +34.3% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 16,963 5,744 5,351 3,826 310.1 33.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 16,538 5,408 6,154 4,613 373.9 32.7 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 16,243 5,640 6,181 4,502 365.0 34.7 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 18,579 7,149 5,818 3,938 319.2 38.5 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 18,319 6,945 8,035 5,525 447.8 37.9 Jan 29, 2025 J-GAAP
YoY +8.0% +20.9% +50.2% +44.4% +44.4%

Related Articles