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Marubeni, Net Income Forecast for the Fiscal Year Revised Upward by 6%, Dividend Revised Upward by 7.5 Yen

Wed Feb 4, 2026 11:00 am JST Earnings

8002 Marubeni Corporation 【IFRS】

Earnings Report

Marubeni Corporation <8002> [TSE Prime] announced its financial results (based on IFRS) in the morning on February 4th (11:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 432 billion yen, a 1.7% increase compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 5.9%, from the previous forecast of 510 billion yen to 540 billion yen (compared to 502 billion yen in the previous period), increasing the growth rate from 1.4% to 7.4%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward 14.7%, from the previous forecast of 204 billion yen to 234 billion yen (compared to 264 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 22.8% to 11.5%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 100 yen to 107.5 yen (compared to 95 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income dropped to 126 billion yen, a 32.2% decrease compared to the same period last year. The operating profit margin worsened from 4.2% in the same period last year to 3.3%.

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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 5,427,765 211,587 451,561 371,469 219.9 79.6 Feb 2, 2024 IFRS
Apr - Dec, 2024 5,719,747 222,314 539,925 425,179 255.8 85.8 Feb 5, 2025 IFRS
Apr - Dec, 2025 6,172,419 190,603 521,304 432,290 262.3 ー Feb 4, 2026 IFRS
YoY +7.9% -14.3% -3.4% +1.7% +2.5%

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 ー ー ー 204,503 124.8 50 Nov 4, 2025 IFRS
Oct - Mar, 2025 New ー ー ー 234,503 143.1 57.50 Feb 4, 2026 IFRS
Revision Rate － － － +14.7% +14.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev ー ー ー 510,000 311.3 100 May 2, 2025 IFRS
Mar, 2026 New ー ー ー 540,000 329.6 107.50 Feb 4, 2026 IFRS
Revision Rate － － － +5.9% +5.9%

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 3,898,969 127,170 334,162 264,841 159.4 50 May 2, 2025 IFRS
Oct - Mar, 2025 Guidance ー ー ー 234,503 143.1 57.50 Feb 4, 2026 IFRS
YoY － － － -11.5% -10.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,250,515 276,321 567,136 471,412 279.6 85 May 2, 2024 IFRS
Mar, 2025 7,790,168 272,310 629,207 502,965 302.8 95 May 2, 2025 IFRS
Mar, 2026 Guidance ー ー ー 540,000 329.6 107.50 Feb 4, 2026 IFRS
YoY － － － +7.4% +8.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 1,828,548 77,174 244,880 187,055 112.6 4.2 Feb 5, 2025 IFRS
Jan - Mar, 2025 2,070,421 49,996 89,282 77,786 46.8 2.4 May 2, 2025 IFRS
Apr - Jun, 2025 2,163,722 85,410 181,480 154,400 93.4 3.9 Aug 1, 2025 IFRS
Jul - Sep, 2025 2,039,644 41,009 184,063 151,097 91.6 2.0 Nov 4, 2025 IFRS
Oct - Dec, 2025 1,969,053 64,184 155,761 126,793 76.9 3.3 Feb 4, 2026 IFRS
YoY +7.7% -16.8% -36.4% -32.2% -31.6%

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