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MARUWN CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Dividend Revised Upward by 3 yen

Fri Nov 8, 2024 4:00 pm JST Earnings

9067 MARUWN CORPORATION 【J-GAAP】

Earnings Report

MARUWN CORPORATION <9067> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.2 times that of the same period last year, reaching 557 million yen, exceeded the previous forecast of 320 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 7.4%, from the previous forecast of 940 million yen to 1.01 billion yen (compared to 704 million yen in the previous period), increasing the growth rate from 33.5% to 43.5%.

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 453 million yen, up 0.4% from the same period last year.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 10 yen to 13 yen (compared to 9 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.6 times that of the same period last year, reaching 265 million yen. The operating profit margin improved from 0.8% in the same period last year to 2.2%.

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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, 2022 22,906 -18 66 67 2.3 10.8 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 22,171 187 253 125 4.3 35.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 22,568 496 557 509 17.7 55.1 Nov 8, 2024 J-GAAP
YoY +1.8% +165.2% +120.2% +307.2% +307.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 22,300 270 320 190 6.6 5 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 22,568 496 557 509 17.7 5 Nov 8, 2024 J-GAAP
Revision Rate +1.2% +83.7% +74.1% +167.9% +168.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 45,800 840 940 570 19.7 10 May 9, 2024 J-GAAP
Mar, 2025 New 45,300 900 1,010 750 26.0 13 Nov 8, 2024 J-GAAP
Revision Rate -1.1% +7.1% +7.4% +31.6% +31.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 22,821 322 451 291 10.1 5 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,732 404 453 241 8.3 8 Nov 8, 2024 J-GAAP
YoY -0.4% +25.5% +0.4% -17.2% -17.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 46,586 439 612 316 10.9 8 May 11, 2023 J-GAAP
Mar, 2024 44,992 509 704 416 14.4 9 May 9, 2024 J-GAAP
Mar, 2025 Guidance 45,300 900 1,010 750 26.0 13 Nov 8, 2024 J-GAAP
YoY +0.7% +76.8% +43.5% +80.3% +80.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,182 84 101 26 0.9 0.8 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 11,679 156 212 127 4.4 1.3 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 11,142 166 239 164 5.7 1.5 May 9, 2024 J-GAAP
Apr - Jun, 2024 11,307 243 292 187 6.5 2.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 11,261 253 265 322 11.2 2.2 Nov 8, 2024 J-GAAP
YoY +0.7% +201.2% +162.4% +1,138.5% +1,141.1%

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