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MARUWN, The Current Fiscal Year Ordinary Profit Revised Upward by 19%, Dividend Revised Upward by 3 yen

Thu Feb 13, 2025 4:00 pm JST Earnings

9067 MARUWN CORPORATION 【J-GAAP】

Earnings Report

MARUWN CORPORATION <9067> [TSE Std] announced its financial results after the market closed on February 13th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.3 times that of the same period last year, reaching 1.07 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 18.8%, from the previous forecast of 1.01 billion yen to 1.2 billion yen (compared to 0.7 billion yen in the previous period), increasing the growth rate from 43.5% to 70.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 41.9%, from the previous forecast of 0.45 billion yen to 0.64 billion yen (compared to 0.45 billion yen in the same period of the previous year), increasing the growth rate from 0.4% to 42.6%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 13 yen to 16 yen (compared to 9 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 0.51 billion yen. The operating profit margin improved from 1.3% in the same period last year to 3.9%.

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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 34,902 190 337 240 8.3 55.1 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 33,850 343 465 252 8.7 66.1 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 34,567 964 1,076 844 29.2 89.7 Feb 13, 2025 J-GAAP
YoY +2.1% +181.0% +131.4% +234.9% +234.6%

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 22,732 404 453 241 8.3 8 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 23,432 574 643 411 14.2 11 Feb 13, 2025 J-GAAP
Revision Rate +3.1% +42.1% +41.9% +70.5% +70.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 45,300 900 1,010 750 26.0 13 Nov 8, 2024 J-GAAP
Mar, 2025 New 46,000 1,070 1,200 920 31.9 16 Feb 13, 2025 J-GAAP
Revision Rate +1.5% +18.9% +18.8% +22.7% +22.7%

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 22,821 322 451 291 10.1 5 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,432 574 643 411 14.2 11 Feb 13, 2025 J-GAAP
YoY +2.7% +78.3% +42.6% +41.2% +41.2%

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 46,000 1,070 1,200 920 31.9 16 Feb 13, 2025 J-GAAP
YoY +2.2% +110.2% +70.5% +121.2% +121.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 11,999 468 519 335 11.6 3.9 Feb 13, 2025 J-GAAP
YoY +2.7% +200.0% +144.8% +163.8% +163.9%

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