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MUGEN ESTATE, Ordinary Profit Forecast for Last Fiscal Year Revised Upward by 9%, Raises Record High Profit Forecast, Dividend Revised Upward by 2 Yen

Wed Jan 28, 2026 2:00 pm JST Revision

3299 MUGEN ESTATE Co.,Ltd. 【J-GAAP】

Guidance Update Report

MUGEN ESTATE Co.,Ltd. <3299> [TSE Std] announced a revision to its performance and dividend in the afternoon session on January 28th (14:00). The consolidated ordinary profit forecast for the fiscal year ending December 2025 has been revised upward 8.7%, from the previous forecast of 9.14 billion yen to 9.94 billion yen (compared to 8.85 billion yen in the previous period), increasing the growth rate from 3.3% to 12.3%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated ordinary profit is expected to increase 18.9%, from the previous forecast of 4.21 billion yen to 5.01 billion yen (compared to 4.21 billion yen in the same period of the previous year), increasing the growth rate from 0.05% to 19.0%.

In light of the strong performance, the company has increased its planned annual dividend for the last fiscal year from the original plan of 112 yen to 114 yen (compared to 104 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 31,192 4,737 4,215 2,858 121.7 67 Nov 14, 2025 J-GAAP
Jul - Dec, 2025 New 35,319 5,569 5,012 3,332 142.7 69 Jan 28, 2026 J-GAAP
Revision Rate +13.2% +17.6% +18.9% +16.6% +17.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 64,135 10,216 9,147 6,178 263.0 112 Nov 14, 2025 J-GAAP
Dec, 2025 New 68,262 11,048 9,944 6,652 284.8 114 Jan 28, 2026 J-GAAP
Revision Rate +6.4% +8.1% +8.7% +7.7% +8.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 30,685 4,594 4,213 3,022 128.9 104 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 35,319 5,569 5,012 3,332 142.7 69 Jan 28, 2026 J-GAAP
YoY +15.1% +21.2% +19.0% +10.3% +10.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 51,640 5,936 5,243 3,653 155.3 63 Feb 14, 2024 J-GAAP
Dec, 2024 62,187 9,623 8,858 6,086 259.5 104 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 68,262 11,048 9,944 6,652 284.8 114 Jan 28, 2026 J-GAAP
YoY +9.8% +14.8% +12.3% +9.3% +9.8%

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