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MARUFUJI SHEET PILING, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 14%

Fri Jan 30, 2026 1:00 pm JST Earnings

8046 MARUFUJI SHEET PILING CO., LTD. 【J-GAAP】

Earnings Report

MARUFUJI SHEET PILING CO., LTD. <8046> [TSE Std] announced its financial results in the afternoon session on January 30th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 2.07 billion yen, an increase 46.1% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 14.3%, from the previous forecast of 2.10 billion yen to 2.40 billion yen (compared to 2.07 billion yen in the previous period), increasing the growth rate from 1.1% to 15.6%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 30.5%, from the previous forecast of 0.98 billion yen to 1.28 billion yen (compared to 1.21 billion yen in the same period of the previous year), turning to a 5.9% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 72.5% from the same period last year, reaching 0.96 billion yen. The operating profit margin improved from 4.8% in the same period last year to 7.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 25,623 1,197 1,564 1,054 294.5 81.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 26,435 1,097 1,423 944 263.9 68.5 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 29,735 1,699 2,079 1,430 399.8 86.6 Jan 30, 2026 J-GAAP
YoY +12.5% +54.9% +46.1% +51.5% +51.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 18,014 767 985 654 182.7 130 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 21,414 1,017 1,285 994 277.7 130 Jan 30, 2026 J-GAAP
Revision Rate +18.9% +32.6% +30.5% +52.0% +52.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 36,600 1,600 2,100 1,410 394.0 130 May 14, 2025 J-GAAP
Mar, 2026 New 40,000 1,850 2,400 1,750 489.0 130 Jan 30, 2026 J-GAAP
Revision Rate +9.3% +15.6% +14.3% +24.1% +24.1%

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 18,852 945 1,213 967 270.3 130 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 21,414 1,017 1,285 994 277.7 130 Jan 30, 2026 J-GAAP
YoY +13.6% +7.6% +5.9% +2.8% +2.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 34,543 1,410 1,926 1,372 383.4 110 May 14, 2024 J-GAAP
Mar, 2025 35,585 1,579 2,077 1,534 428.7 130 May 14, 2025 J-GAAP
Mar, 2026 Guidance 40,000 1,850 2,400 1,750 489.0 130 Jan 30, 2026 J-GAAP
YoY +12.4% +17.2% +15.6% +14.1% +14.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 9,702 463 559 377 105.4 4.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 9,150 482 654 590 164.9 5.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 9,506 573 699 488 136.4 6.0 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 9,080 260 416 268 75.0 2.9 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 11,149 866 964 674 188.4 7.8 Jan 30, 2026 J-GAAP
YoY +14.9% +87.0% +72.5% +78.8% +78.8%

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