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MURAKI, First Half Ordinary Profit Decreases by 21%
7477 MURAKI CORPORATION 【J-GAAP】
Earnings ReportMURAKI CORPORATION <7477> [TSE Std] announced its financial results after the market closed on October 29th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 20.5% from the same period last year to 93 million yen. However, Progress toward the full-year plan of 112 million yen was 83.0%, also surpassing the five-year average of 64.6%.
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 October to March period (second half) is expected to significant drop 62.7% from the same period last year to 19 million yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 56 million yen, a 3.4% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.7% in the same period last year to 2.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 3,662 | 127 | 138 | 161 | 114.0 | 64.2 | Oct 27, 2023 | J-GAAP |
| Apr - Sep, 2024 | 3,787 | 106 | 117 | 69 | 49.1 | 69.6 | Oct 28, 2024 | J-GAAP |
| Apr - Sep, 2025 | 3,884 | 80 | 93 | 42 | 30.3 | 83.0 | Oct 29, 2025 | J-GAAP |
| YoY | +2.6% | -24.5% | -20.5% | -39.1% | -38.4% |
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 | 3,808 | 31 | 40 | 10 | 7.0 | 15 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 3,884 | 80 | 93 | 42 | 30.3 | 15 | Oct 29, 2025 | J-GAAP |
| Revision Rate | +2.0% | +158.1% | +132.5% | +320.0% | +329.8% |
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 | 3,756 | 37 | 51 | 21 | 15.0 | 17.50 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 3,809 | 12 | 19 | 8 | 5.6 | 15 | Oct 29, 2025 | J-GAAP |
| YoY | +1.4% | -67.6% | -62.7% | -61.9% | -62.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 7,409 | 192 | 215 | 198 | 139.6 | 25 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 7,543 | 143 | 168 | 90 | 64.1 | 30 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 7,693 | 92 | 112 | 50 | 35.2 | 30 | May 15, 2025 | J-GAAP |
| YoY | +2.0% | -35.7% | -33.3% | -44.4% | -45.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 1,925 | 52 | 58 | 26 | 18.5 | 2.7 | Oct 28, 2024 | J-GAAP |
| Oct - Dec, 2024 | 2,143 | 80 | 87 | 51 | 36.0 | 3.7 | Jan 28, 2025 | J-GAAP |
| Jan - Mar, 2025 | 1,613 | -43 | -36 | -30 | -21.4 | -2.7 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 1,902 | 31 | 37 | 16 | 11.7 | 1.6 | Jul 28, 2025 | J-GAAP |
| Jul - Sep, 2025 | 1,982 | 49 | 56 | 26 | 18.7 | 2.5 | Oct 29, 2025 | J-GAAP |
| YoY | +3.0% | -5.8% | -3.4% | 0.0% | +1.2% |
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