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MARUWA, Operating Profit Forecast for the Fiscal Year Revised Downward by 6%

Wed Nov 5, 2025 10:40 am JST Earnings

5344 MARUWA CO., LTD. 【J-GAAP】

Earnings Report

MARUWA CO., LTD. <5344> [TSE Prime] announced its financial results in the morning on November 5th (10:40). The consolidated operating profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 15.2% from the same period last year to 10.8 billion yen, resulting in a decrease in profits compared to the previous forecast of a 0.1% increase.

In addition, the full-year forecast for consolidated operating profit has decreased 6.3%, from the previous forecast of 28.8 billion yen to 27.0 billion yen (compared to 26.9 billion yen in the previous period), leading to a reduction in the profit growth rate from 7.0% to 0.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated operating profit for the October to March period (second half) is expected to grow 14.4% from the same period last year, reaching 16.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated operating profit dropped to 4.84 billion yen, a 32.3% decrease compared to the same period last year. The operating profit margin decreased from 38.5% in the same period last year to 30.5%.

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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 28,063 8,649 9,616 6,777 549.4 45.5 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 34,822 12,789 11,999 8,440 684.1 44.4 Oct 29, 2024 J-GAAP
Apr - Sep, 2025 33,115 10,843 11,123 7,413 600.8 ー Nov 5, 2025 J-GAAP
YoY -4.9% -15.2% -7.3% -12.2% -12.2%

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 34,900 12,800 ー ー － 51 Apr 25, 2025 J-GAAP
Apr - Sep, 2025 Results 33,115 10,843 11,123 7,413 600.8 51 Nov 5, 2025 J-GAAP
Revision Rate -5.1% -15.3% － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 76,800 28,800 ー ー － 102 Apr 25, 2025 J-GAAP
Mar, 2026 New 75,100 27,000 ー ー － 102 Nov 5, 2025 J-GAAP
Revision Rate -2.2% -6.3% － － －

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 37,027 14,125 15,034 10,802 875.4 47 Apr 25, 2025 J-GAAP
Oct - Mar, 2025 Guidance 41,985 16,157 ー ー － 51 Nov 5, 2025 J-GAAP
YoY +13.4% +14.4% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 61,564 19,801 21,121 15,216 1,233.3 86 Apr 25, 2024 J-GAAP
Mar, 2025 71,849 26,914 27,033 19,242 1,559.5 94 Apr 25, 2025 J-GAAP
Mar, 2026 Guidance 75,100 27,000 ー ー － 102 Nov 5, 2025 J-GAAP
YoY +4.5% +0.3% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 18,579 7,149 5,818 3,938 319.2 38.5 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 18,319 6,945 8,035 5,525 447.8 37.9 Jan 29, 2025 J-GAAP
Jan - Mar, 2025 18,708 7,180 6,999 5,277 427.7 38.4 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 17,256 6,002 5,722 3,878 314.3 34.8 Jul 24, 2025 J-GAAP
Jul - Sep, 2025 15,859 4,841 5,401 3,535 286.5 30.5 Nov 5, 2025 J-GAAP
YoY -14.6% -32.3% -7.2% -10.2% -10.2%

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