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MARUSAN-AI, 52% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Tue Nov 4, 2025 4:00 pm JST Earnings

2551 MARUSAN-AI CO., LTD. 【J-GAAP】

Earnings Report

MARUSAN-AI CO., LTD. <2551> [NSE Main] announced its financial results after the market closed on November 4th (16:00). The consolidated ordinary profit for the fiscal year ended September 2025 decreased by 22.8% from the previous period to 858 million yen. For the fiscal year ending September 2026 is also bleak, with an expected significant drop by 52.4% from the previous period to 408 million yen.

At the same time, the company increased the annual dividend for the previous term from 30 yen to 50 yen (compared to 50 yen in the prior term), and has decided to reduce the dividend this fiscal year to 30 yen, a decrease of 20 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit surged 6.3 times that of the same period last year, reaching 201 million yen. The operating profit margin improved from 0.9% in the same period last year to 2.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 30,950 -280 -256 -898 -393.7 30 Nov 1, 2023 J-GAAP
Sep, 2024 33,157 1,147 1,112 828 363.3 50 Nov 1, 2024 J-GAAP
Sep, 2025 32,872 857 858 712 315.7 50 Nov 4, 2025 J-GAAP
YoY -0.9% -25.3% -22.8% -14.0% -13.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2025 Guidance 32,162 808 787 591 263.7 30 May 1, 2025 J-GAAP
Sep, 2025 Results 32,872 857 858 712 315.7 50 Nov 4, 2025 J-GAAP
Revision Rate +2.2% +6.1% +9.0% +20.5% +19.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 16,107 380 364 289 127.4 0 May 1, 2025 J-GAAP
Oct - Mar, 2025 Guidance 15,452 93 52 61 27.2 0 Nov 4, 2025 J-GAAP
YoY -4.1% -75.5% -85.7% -78.9% -78.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 33,157 1,147 1,112 828 363.3 50 Nov 1, 2024 J-GAAP
Sep, 2025 32,872 857 858 712 315.7 50 Nov 4, 2025 J-GAAP
Sep, 2026 Guidance 32,198 483 408 314 140.1 30 Nov 4, 2025 J-GAAP
YoY -2.1% -43.6% -52.4% -55.9% -55.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 8,628 79 32 43 18.9 0.9 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 8,697 472 514 365 160.2 5.4 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 7,410 -92 -150 -76 -33.5 -1.2 May 1, 2025 J-GAAP
Apr - Jun, 2025 8,366 290 293 204 90.1 3.5 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 8,399 187 201 219 97.1 2.2 Nov 4, 2025 J-GAAP
YoY -2.7% +136.7% +528.1% +409.3% +414.6%

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