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M-mart, 9% Increase in Ordinary Profit, Update Record High for Eleventh Consecutive Term, Dividend Effectively Increased

Tue Mar 17, 2026 4:00 pm JST Earnings

4380 M-mart Inc. 【J-GAAP】

Earnings Report

M-mart Inc. <4380> [TSE Growth] announced its financial results after the market closed on March 17th (16:00). The ordinary profit (non-consolidated) for the fiscal year ended January 2026 increased by 25.5% from the previous period to 634 million yen. For the fiscal year ending January 2027, the ordinary profit is expected to grow by 9.0% to 691 million yen, marking the eleventh consecutive term of record-high profits. This will be the fourteenth consecutive term of revenue and the tenth consecutive term of profit growth.

At the same time, the annual dividend for this fiscal year is 13 yen, taking into account the forward stock split scheduled to be allocated on July 31, this dividend represents an actual increase of 4.0%.

In the most recent three-month period, from November to January (4Q), the ordinary profit grew 18.9% from the same period last year, reaching 170 million yen. The operating profit margin rose from 45.8% in the same period last year to 47.9%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 1,171 483 482 324 66.4 18 Mar 18, 2024 J-GAAP
Jan, 2025 1,294 521 505 345 70.7 21 Mar 17, 2025 J-GAAP
Jan, 2026 1,363 632 634 423 86.5 25 Mar 17, 2026 J-GAAP
YoY +5.3% +21.3% +25.5% +22.6% +22.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2026 Guidance 1,444 614 614 399 81.6 25 Mar 17, 2025 J-GAAP
Jan, 2026 Results 1,363 632 634 423 86.5 25 Mar 17, 2026 J-GAAP
Revision Rate -5.6% +2.9% +3.3% +6.0% +6.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 673 304 304 195 40.0 0 Sep 16, 2025 J-GAAP
Feb - Jul, 2026 Guidance ー ー ー ー － 0 Mar 17, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 1,294 521 505 345 70.7 21 Mar 17, 2025 J-GAAP
Jan, 2026 1,363 632 634 423 86.5 25 Mar 17, 2026 J-GAAP
Jan, 2027 Guidance 1,473 689 691 456 93.2 26 Mar 17, 2026 J-GAAP
YoY +8.1% +9.0% +9.0% +7.8% +7.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 345 158 143 108 22.1 45.8 Mar 17, 2025 J-GAAP
Feb - Apr, 2025 335 138 139 91 18.7 41.2 Jun 16, 2025 J-GAAP
May - Jul, 2025 338 166 165 104 21.3 49.1 Sep 16, 2025 J-GAAP
Aug - Oct, 2025 335 158 160 108 22.1 47.2 Dec 15, 2025 J-GAAP
Nov - Jan, 2025 355 170 170 120 24.5 47.9 Mar 17, 2026 J-GAAP
YoY +2.9% +7.6% +18.9% +11.1% +10.8%

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