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MASARU, First Half Ordinary Profit Increases by 5%

Wed May 13, 2026 1:30 pm JST Earnings

1795 MASARU CORPORATION 【J-GAAP】

Earnings Report

MASARU CORPORATION <1795> [TSE Std] announced its financial results in the afternoon session on May 13th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) increased 4.9% from the same period last year, reaching 452 million yen. Progress toward the full-year plan of 480 million yen was 94.2%, also surpassing the five-year average of 84.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (second half) is expected to significant drop 87.7% from the same period last year to 28 million yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit amounted to 551 million yen, a 0.4% decrease compared to the same period last year. However, the operating profit margin rose from 14.9% in the same period last year to 15.7%.

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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 4,658 393 407 270 306.5 96.7 May 13, 2024 J-GAAP
Oct - Mar, 2024 5,720 420 431 276 311.2 65.5 May 13, 2025 J-GAAP
Oct - Mar, 2025 5,146 444 452 291 327.6 94.2 May 13, 2026 J-GAAP
YoY -10.0% +5.7% +4.9% +5.4% +5.3%

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 5,146 444 452 291 325.8 0 May 11, 2026 J-GAAP
Oct - Mar, 2025 Results 5,146 444 452 291 327.6 0 May 13, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.5%

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 4,927 218 227 129 145.2 160 Nov 14, 2025 J-GAAP
Apr - Sep, 2026 Guidance 5,554 6 28 -11 -12.5 110 May 11, 2026 J-GAAP
YoY +12.7% -97.2% -87.7% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 8,947 407 421 277 313.5 125 Nov 14, 2024 J-GAAP
Sep, 2025 10,647 638 658 405 455.9 160 Nov 14, 2025 J-GAAP
Sep, 2026 Guidance 10,700 450 480 280 319.0 110 Nov 14, 2025 J-GAAP
YoY +0.5% -29.5% -27.1% -30.9% -30.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 3,645 544 553 375 422.8 14.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 1,832 -69 -67 -86 -97.2 -3.8 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 3,095 287 294 215 242.0 9.3 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 1,666 -102 -99 -82 -92.4 -6.1 Feb 13, 2026 J-GAAP
Jan - Mar, 2026 3,480 546 551 373 419.9 15.7 May 13, 2026 J-GAAP
YoY -4.5% +0.4% -0.4% -0.5% -0.7%

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