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MARUBUN, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%

Tue Nov 4, 2025 4:00 pm JST Earnings

7537 MARUBUN CORPORATION 【J-GAAP】

Earnings Report

MARUBUN CORPORATION <7537> [TSE Prime] announced its financial results after the market closed on November 4th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 43.5% from the same period last year to 1.75 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 16.3%, from the previous forecast of 4.30 billion yen to 5.00 billion yen (compared to 6.34 billion yen in the previous period), and the declining rate is expected to decrease from 32.2% to 21.2%.

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 October to March period (second half) is expected to nearly flat at 3.24 billion yen, up 0.3% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 0.52 billion yen, a 78.6% decrease compared to the same period last year. However, the operating profit margin improved from 3.4% in the same period last year to 3.7%.

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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
Apr - Sep, 2023 123,729 7,342 2,080 1,137 43.5 37.0 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 98,583 4,360 3,113 2,134 81.6 49.1 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 102,697 2,727 1,759 985 37.7 35.2 Nov 4, 2025 J-GAAP
YoY +4.2% -37.5% -43.5% -53.8% -53.8%

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 95,000 1,700 700 300 11.5 25 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 102,697 2,727 1,759 985 37.7 25 Nov 4, 2025 J-GAAP
Revision Rate +8.1% +60.4% +151.3% +228.3% +228.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 206,000 6,300 4,300 2,500 95.5 50 May 9, 2025 J-GAAP
Mar, 2026 New 210,000 7,000 5,000 3,000 114.6 50 Nov 4, 2025 J-GAAP
Revision Rate +1.9% +11.1% +16.3% +20.0% +20.0%

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 112,254 4,598 3,231 2,138 81.7 41 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 107,303 4,273 3,241 2,015 77.0 25 Nov 4, 2025 J-GAAP
YoY -4.4% -7.1% +0.3% -5.8% -5.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 236,490 12,984 5,627 3,401 130.1 52 May 10, 2024 J-GAAP
Mar, 2025 210,837 8,958 6,344 4,272 163.3 66 May 9, 2025 J-GAAP
Mar, 2026 Guidance 210,000 7,000 5,000 3,000 114.6 50 Nov 4, 2025 J-GAAP
YoY -0.4% -21.9% -21.2% -29.8% -29.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 47,795 1,617 2,446 1,639 62.7 3.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 53,370 2,375 -308 -309 -11.8 4.5 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 58,884 2,223 3,539 2,447 93.5 3.8 May 9, 2025 J-GAAP
Apr - Jun, 2025 49,884 757 1,235 625 23.9 1.5 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 52,813 1,970 524 360 13.8 3.7 Nov 4, 2025 J-GAAP
YoY +10.5% +21.8% -78.6% -78.0% -78.0%

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