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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%.

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
Apr - Sep, 2023
114,118M 1,482M 1,738M 983M 39.3 47.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024
118,582M 2,882M 3,143M 4,272M 171.9 51.9 Nov 8, 2024 J-GAAP
Apr - Sep, 2025
120,290M 4,210M 4,442M 3,194M 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 120,200M 4,200M 4,400M 3,100M 126.6 Oct 27, 2025 J-GAAP
Apr - Sep, 2025 Results 120,290M 4,210M 4,442M 3,194M 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 240,000M 6,000M 6,400M 4,800M 196.1 55 May 14, 2025 J-GAAP
Mar, 2026 New 238,000M 7,000M 7,400M 5,500M 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
116,388M 2,587M 2,913M 1,216M 49.2 50 May 14, 2025 J-GAAP
Guidance
Oct - Mar, 2025
117,710M 2,790M 2,958M 2,306M 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
228,808M 3,117M 3,639M -9,414M -377.7 20 May 13, 2024 J-GAAP
Mar, 2025
234,970M 5,469M 6,056M 5,488M 222.1 50 May 14, 2025 J-GAAP
Guidance
Mar, 2026
238,000M 7,000M 7,400M 5,500M 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
60,252M 1,215M 1,418M 1,068M 43.0 2.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024
63,243M 2,194M 2,257M 1,478M 59.6 3.5 Feb 6, 2025 J-GAAP
Jan - Mar, 2025
53,145M 393M 656M -262M -10.6 0.7 May 14, 2025 J-GAAP
Apr - Jun, 2025
59,383M 2,014M 2,026M 1,421M 58.1 3.4 Aug 6, 2025 J-GAAP
Jul - Sep, 2025
60,907M 2,196M 2,416M 1,773M 72.4 3.6 Nov 10, 2025 J-GAAP
YoY +1.1% +80.7% +70.4% +66.0% +68.5%