kabutan
N225

66,783.94

-2.86%
TOPIX

4,036.28

-1.27%
USDJPY

162.10

-0.06%

M-mart, First Half Ordinary Profit Increases by 36%, May-Jul Ordinary Profit Increases by 49%

Tue Sep 16, 2025 4:30 pm JST Earnings

4380 M-mart Inc. 【J-GAAP】

Earnings Report

M-mart Inc. <4380> [TSE Growth] announced its financial results after the market closed on September 16th (16:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending January 2026 (February to July) expanded 304 million yen, an increase 36.3% compared to the same period last year. Progress toward the full-year plan of 614 million yen was 49.5%, exceeding the five-year average of 44.2%.

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 grow 9.9% from the same period last year, reaching 310 million yen.

In the most recent three-month period, from May to July (2Q), the ordinary profit increased 48.6% from the same period last year, reaching 165 million yen. The operating profit margin jumped from 35.5% in the same period last year to 49.1%.

Kabutan News

Actual Performance and Financial Trends

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 		556M 230M 229M 155M 31.8 47.5 Sep 14, 2023 J-GAAP
Feb - Jul, 2024 		623M 223M 223M 145M 29.7 44.2 Sep 17, 2024 J-GAAP
Feb - Jul, 2025 		673M 304M 304M 195M 40.0 49.5 Sep 16, 2025 J-GAAP
YoY +8.0% +36.3% +36.3% +34.5% +34.8%
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 ー ー ー ー － 0 Mar 17, 2025 J-GAAP
Feb - Jul, 2025 Results 673M 304M 304M 195M 40.0 0 Sep 16, 2025 J-GAAP
Revision Rate － － － － －

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 		671M 298M 282M 200M 41.0 21 Mar 17, 2025 J-GAAP
Guidance
Aug - Jan, 2025 		771M 310M 310M 204M 41.7 25 Sep 16, 2025 J-GAAP
YoY +14.9% +4.0% +9.9% +2.0% +1.7%
Current Period Guidance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Jan, 2024 		1,171M 483M 482M 324M 66.4 18 Mar 18, 2024 J-GAAP
Jan, 2025 		1,294M 521M 505M 345M 70.7 21 Mar 17, 2025 J-GAAP
Guidance
Jan, 2026 		1,444M 614M 614M 399M 81.6 25 Mar 17, 2025 J-GAAP
YoY +11.6% +17.9% +21.6% +15.7% +15.3%

Quarterly Results

Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Operating
Profit Margin		 Announce Accounting
Standards
May - Jul, 2024 		313M 111M 111M 73M 15.0 35.5 Sep 17, 2024 J-GAAP
Aug - Oct, 2024 		326M 140M 139M 92M 18.8 42.9 Dec 16, 2024 J-GAAP
Nov - Jan, 2024 		345M 158M 143M 108M 22.1 45.8 Mar 17, 2025 J-GAAP
Feb - Apr, 2025 		335M 138M 139M 91M 18.7 41.2 Jun 16, 2025 J-GAAP
May - Jul, 2025 		338M 166M 165M 104M 21.3 49.1 Sep 16, 2025 J-GAAP
YoY +8.0% +49.5% +48.6% +42.5% +42.7%

Related Articles