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Maruchiyo Yamaokaya, First Half Ordinary Profit Increases by 26%, May-Jul Ordinary Profit Increases by 12%

Fri Sep 12, 2025 4:00 pm JST Earnings

3399 Maruchiyo Yamaokaya Corporation 【J-GAAP】

Earnings Report

Maruchiyo Yamaokaya Corporation <3399> [TSE Std] announced its financial results after the market closed on September 12th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2026 (February to July) increased 26.0% from the same period last year, reaching 2.00 billion yen. Progress toward the full-year plan of 4.08 billion yen was 49.1%, exceeding the five-year average of 24.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the August to January period (second half) is expected to decrease 7.4% from the same period last year to 2.07 billion yen.

At the same time, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 3 yen to 21 yen (compared to 8 yen before the 2-for-1 forward stock split in the previous period).

In the most recent three-month period, from May to July (2Q), the ordinary profit grew 11.9% from the same period last year, reaching 0.92 billion yen. However, the operating profit margin worsened from 9.6% in the same period last year to 8.9%.

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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
Feb - Jul, 2023 11,617 476 493 312 16.0 23.1 Sep 11, 2023 J-GAAP
Feb - Jul, 2024 15,633 1,529 1,589 1,086 55.4 41.5 Sep 13, 2024 J-GAAP
Feb - Jul, 2025 19,816 1,958 2,002 1,375 70.2 49.1 Sep 12, 2025 J-GAAP
YoY +26.8% +28.1% +26.0% +26.6% +26.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 Guidance 18,315 1,701 1,744 1,186 60.8 0 Mar 14, 2025 J-GAAP
Feb - Jul, 2025 Results 19,816 1,958 2,002 1,375 70.2 0 Sep 12, 2025 J-GAAP
Revision Rate +8.2% +15.1% +14.8% +15.9% +15.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2026 Prev 39,003 3,984 4,081 2,954 150.0 3 Jul 22, 2025 J-GAAP
Jan, 2026 New 39,003 3,984 4,081 2,954 150.0 21 Sep 12, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 18,952 2,179 2,244 1,746 89.1 4 Mar 14, 2025 J-GAAP
Aug - Jan, 2025 Guidance 19,187 2,026 2,079 1,579 80.2 21 Sep 12, 2025 J-GAAP
YoY +1.2% -7.0% -7.4% -9.6% -10.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 26,494 2,063 2,132 1,432 73.1 2.50 Mar 15, 2024 J-GAAP
Jan, 2025 34,585 3,708 3,833 2,832 144.5 4 Mar 14, 2025 J-GAAP
Jan, 2026 Guidance 39,003 3,984 4,081 2,954 150.0 21 Sep 12, 2025 J-GAAP
YoY +12.8% +7.4% +6.5% +4.3% +3.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2024 8,005 771 823 562 28.7 9.6 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 9,313 1,403 1,428 985 50.3 15.1 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 9,639 776 816 761 38.8 8.1 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 9,685 1,060 1,081 728 37.2 10.9 Jun 13, 2025 J-GAAP
May - Jul, 2025 10,131 898 921 647 33.0 8.9 Sep 12, 2025 J-GAAP
YoY +26.6% +16.5% +11.9% +15.1% +15.1%

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