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MARUDAI FOOD, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%, Dividend Revised Upward by 10 Yen

Mon Nov 10, 2025 3:00 pm JST Earnings

2288 MARUDAI FOOD CO.,LTD. 【J-GAAP】

Earnings Report

MARUDAI FOOD CO.,LTD. <2288> [TSE Prime] announced its financial results in the afternoon session on November 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 4.44 billion yen, an increase 41.3% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 15.6%, from the previous forecast of 6.40 billion yen to 7.40 billion yen (compared to 6.05 billion yen in the previous period), increasing the growth rate from 5.7% to 22.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 1.5% from the same period last year, reaching 2.95 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 55 yen to 65 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 70.4% from the same period last year, reaching 2.41 billion yen. The operating profit margin improved from 2.0% in the same period last year to 3.6%.

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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 114,118 1,482 1,738 983 39.3 47.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 118,582 2,882 3,143 4,272 171.9 51.9 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 120,290 4,210 4,442 3,194 130.5 60.0 Nov 10, 2025 J-GAAP
YoY +1.4% +46.1% +41.3% -25.2% -24.1%

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 120,200 4,200 4,400 3,100 126.6 － Oct 27, 2025 J-GAAP
Apr - Sep, 2025 Results 120,290 4,210 4,442 3,194 130.5 － Nov 10, 2025 J-GAAP
Revision Rate +0.1% +0.2% +1.0% +3.0% +3.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 240,000 6,000 6,400 4,800 196.1 55 May 14, 2025 J-GAAP
Mar, 2026 New 238,000 7,000 7,400 5,500 224.7 65 Nov 10, 2025 J-GAAP
Revision Rate -0.8% +16.7% +15.6% +14.6% +14.6%

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 116,388 2,587 2,913 1,216 49.2 50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 117,710 2,790 2,958 2,306 94.2 65 Nov 10, 2025 J-GAAP
YoY +1.1% +7.8% +1.5% +89.6% +91.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 228,808 3,117 3,639 -9,414 -377.7 20 May 13, 2024 J-GAAP
Mar, 2025 234,970 5,469 6,056 5,488 222.1 50 May 14, 2025 J-GAAP
Mar, 2026 Guidance 238,000 7,000 7,400 5,500 224.7 65 Nov 10, 2025 J-GAAP
YoY +1.3% +28.0% +22.2% +0.2% +1.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 60,252 1,215 1,418 1,068 43.0 2.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 63,243 2,194 2,257 1,478 59.6 3.5 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 53,145 393 656 -262 -10.6 0.7 May 14, 2025 J-GAAP
Apr - Jun, 2025 59,383 2,014 2,026 1,421 58.1 3.4 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 60,907 2,196 2,416 1,773 72.4 3.6 Nov 10, 2025 J-GAAP
YoY +1.1% +80.7% +70.4% +66.0% +68.5%

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