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MARUTAI, First Half Ordinary Profit Decreases by 31%, Jul-Sep Ordinary Profit Decreases by 25%

Thu Nov 6, 2025 3:00 pm JST Earnings

2919 MARUTAI CO.,LTD. 【J-GAAP】

Earnings Report

MARUTAI CO.,LTD. <2919> [FSE] announced its financial results in the afternoon session on November 6th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 31.3% from the same period last year to 237 million yen. Progress toward the full-year plan of 550 million yen was 43.1%, also falling below the five-year average of 56.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease 10.1% from the same period last year to 313 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 122 million yen, a 25.2% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 4.8%.

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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
Apr - Sep, 2023 4,431 114 155 103 54.0 37.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 4,684 317 345 233 122.5 49.8 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 4,576 203 237 169 88.7 43.1 Nov 6, 2025 J-GAAP
YoY -2.3% -36.0% -31.3% -27.5% -27.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 8, 2025 J-GAAP
Apr - Sep, 2025 Results 4,576 203 237 169 88.7 0 Nov 6, 2025 J-GAAP
Revision Rate － － － － －

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 4,920 318 348 252 131.9 60 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 5,124 297 313 211 110.4 50 Nov 6, 2025 J-GAAP
YoY +4.1% -6.6% -10.1% -16.3% -16.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 8,944 357 419 282 147.6 50 May 9, 2024 J-GAAP
Mar, 2025 9,604 635 693 485 253.9 60 May 8, 2025 J-GAAP
Mar, 2026 Guidance 9,700 500 550 380 198.9 50 May 8, 2025 J-GAAP
YoY +1.0% -21.3% -20.6% -21.6% -21.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,263 150 163 109 57.3 6.6 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 2,562 277 294 202 105.8 10.8 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 2,358 41 54 50 26.2 1.7 May 8, 2025 J-GAAP
Apr - Jun, 2025 2,356 97 115 82 43.1 4.1 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 2,220 106 122 87 45.7 4.8 Nov 6, 2025 J-GAAP
YoY -1.9% -29.3% -25.2% -20.2% -20.3%

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