kabutan

MARUSAN-AI, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 13% Increase

Fri May 1, 2026 4:00 pm JST Earnings

2551 MARUSAN-AI CO., LTD. 【J-GAAP】

Earnings Report

MARUSAN-AI CO., LTD. <2551> [NSE Main] announced its financial results after the market closed on May 1st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) expanded 591 million yen, an increase 62.4% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of an 85.7% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.4 times, from the previous forecast of 408 million yen to 973 million yen (compared to 858 million yen in the previous period), turning to a 13.4% increase in the consolidated ordinary profit outlook.

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 April to September period (second half) is expected to decrease 22.7% from the same period last year to 382 million yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit/loss turned to a profit of 86 million yen (compared to a loss of 150 million yen in the same period last year). The operating profit/loss margin improved from -1.2% in the same period last year to 0.5%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2023 16,062 538 546 407 178.6 49.1 May 1, 2024 J-GAAP
Oct - Mar, 2024 16,107 380 364 289 127.4 42.4 May 1, 2025 J-GAAP
Oct - Mar, 2025 16,121 467 591 488 218.0 60.7 May 1, 2026 J-GAAP
YoY +0.1% +22.9% +62.4% +68.9% +71.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Guidance 15,452 93 52 61 27.2 0 Nov 4, 2025 J-GAAP
Oct - Mar, 2025 Results 16,121 467 591 488 218.0 0 May 1, 2026 J-GAAP
Revision Rate +4.3% +402.2% +1,036.5% +700.0% +700.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2026 Prev 32,198 483 408 314 140.1 30 Nov 4, 2025 J-GAAP
Sep, 2026 New 32,886 893 973 817 356.0 30 May 1, 2026 J-GAAP
Revision Rate +2.1% +84.9% +138.5% +160.2% +154.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 16,765 477 494 423 187.6 50 Nov 4, 2025 J-GAAP
Apr - Sep, 2026 Guidance 16,765 426 382 329 143.4 30 May 1, 2026 J-GAAP
YoY 0.0% -10.7% -22.7% -22.2% -23.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 33,157 1,147 1,112 828 363.3 50 Nov 1, 2024 J-GAAP
Sep, 2025 32,872 857 858 712 315.7 50 Nov 4, 2025 J-GAAP
Sep, 2026 Guidance 32,886 893 973 817 356.0 30 May 1, 2026 J-GAAP
YoY +0.0% +4.2% +13.4% +14.7% +12.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 7,410 -92 -150 -76 -33.5 -1.2 May 1, 2025 J-GAAP
Apr - Jun, 2025 8,366 290 293 204 90.1 3.5 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 8,399 187 201 219 97.1 2.2 Nov 4, 2025 J-GAAP
Oct - Dec, 2025 8,472 428 505 425 189.8 5.1 Feb 2, 2026 J-GAAP
Jan - Mar, 2026 7,649 39 86 63 28.1 0.5 May 1, 2026 J-GAAP
YoY +3.2% － － － －

Related Articles