MARUDAI FOOD, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%, Dividend Revised Upward by 10 Yen
2288 MARUDAI FOOD CO.,LTD. 【J-GAAP】
Earnings ReportMARUDAI 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
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
114,118M | 1,482M | 1,738M | 983M | 39.3 | 47.8 | Nov 10, 2023 | J-GAAP |
|
|
118,582M | 2,882M | 3,143M | 4,272M | 171.9 | 51.9 | Nov 8, 2024 | J-GAAP |
|
|
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% |
| 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
| 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
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
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% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
228,808M | 3,117M | 3,639M | -9,414M | -377.7 | 20 | May 13, 2024 | J-GAAP |
|
|
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 |
|---|---|---|---|---|---|---|---|---|
|
|
60,252M | 1,215M | 1,418M | 1,068M | 43.0 | 2.0 | Nov 8, 2024 | J-GAAP |
|
|
63,243M | 2,194M | 2,257M | 1,478M | 59.6 | 3.5 | Feb 6, 2025 | J-GAAP |
|
|
53,145M | 393M | 656M | -262M | -10.6 | 0.7 | May 14, 2025 | J-GAAP |
|
|
59,383M | 2,014M | 2,026M | 1,421M | 58.1 | 3.4 | Aug 6, 2025 | J-GAAP |
|
|
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% |
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