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Marubeni, First Half Net Income Increases by 28%, Jul-Sep Net Income Increases by 58%

Tue Nov 4, 2025 11:00 am JST Earnings

8002 Marubeni Corporation 【IFRS】

Earnings Report

Marubeni Corporation <8002> [TSE Prime] announced its financial results (based on IFRS) in the morning on November 4th (11:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 28.3% from the same period last year, reaching 305 billion yen. Progress toward the full-year plan of 510 billion yen was 59.9%, also surpassing the five-year average of 50.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 22.8% from the same period last year to 204 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 58.2% from the same period last year, reaching 151 billion yen. However, the operating profit margin worsened from 2.8% in the same period last year to 2.0%.

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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, 2023 3,750,610 151,479 306,288 251,304 148.3 54.0 Nov 2, 2023 IFRS
Apr - Sep, 2024 3,891,199 145,140 295,045 238,124 143.1 46.9 Nov 1, 2024 IFRS
Apr - Sep, 2025 4,203,366 126,419 365,543 305,497 185.2 ー Nov 4, 2025 IFRS
YoY +8.0% -12.9% +23.9% +28.3% +29.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 50 May 2, 2025 IFRS
Apr - Sep, 2025 Results 4,203,366 126,419 365,543 305,497 185.2 50 Nov 4, 2025 IFRS
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 3,898,969 127,170 334,162 264,841 159.4 50 May 2, 2025 IFRS
Oct - Mar, 2025 Guidance ー ー ー 204,503 124.2 50 Nov 4, 2025 IFRS
YoY － － － -22.8% -22.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,250,515 276,321 567,136 471,412 279.6 85 May 2, 2024 IFRS
Mar, 2025 7,790,168 272,310 629,207 502,965 302.8 95 May 2, 2025 IFRS
Mar, 2026 Guidance ー ー ー 510,000 309.8 100 May 2, 2025 IFRS
YoY － － － +1.4% +2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 1,839,884 51,758 116,056 95,523 57.4 2.8 Nov 1, 2024 IFRS
Oct - Dec, 2024 1,828,548 77,174 244,880 187,055 112.6 4.2 Feb 5, 2025 IFRS
Jan - Mar, 2025 2,070,421 49,996 89,282 77,786 46.8 2.4 May 2, 2025 IFRS
Apr - Jun, 2025 2,163,722 85,410 181,480 154,400 93.4 3.9 Aug 1, 2025 IFRS
Jul - Sep, 2025 2,039,644 41,009 184,063 151,097 91.6 2.0 Nov 4, 2025 IFRS
YoY +10.9% -20.8% +58.6% +58.2% +59.5%

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