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MARUWN, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 27%, Dividend Revised Upward by 4 Yen

Thu Nov 6, 2025 4:00 pm JST Earnings

9067 MARUWN CORPORATION 【J-GAAP】

Earnings Report

MARUWN CORPORATION <9067> [TSE Std] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 0.76 billion yen, an increase 37.0% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 30.0% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 27.3%, from the previous forecast of 1.10 billion yen to 1.40 billion yen (compared to 1.40 billion yen in the previous period), and the declining rate is expected to decrease from 21.5% to 0.1%.

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 decrease 24.5% from the same period last year to 0.63 billion yen.

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 12 yen to 16 yen (compared to 19 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 20.8% from the same period last year, reaching 0.32 billion yen. The operating profit margin improved from 2.2% in the same period last year to 2.6%.

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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 22,171 187 253 125 4.3 35.9 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 22,568 496 557 509 17.7 39.8 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 23,179 680 763 525 18.2 54.5 Nov 6, 2025 J-GAAP
YoY +2.7% +37.1% +37.0% +3.1% +3.1%

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 22,700 340 390 230 8.0 6 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 23,179 680 763 525 18.2 8 Nov 6, 2025 J-GAAP
Revision Rate +2.1% +100.0% +95.6% +128.3% +128.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 46,700 980 1,100 670 23.2 12 May 14, 2025 J-GAAP
Mar, 2026 New 47,100 1,230 1,400 900 31.2 16 Nov 6, 2025 J-GAAP
Revision Rate +0.9% +25.5% +27.3% +34.3% +34.3%

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 23,577 770 844 607 21.0 14 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 23,921 550 637 375 13.0 8 Nov 6, 2025 J-GAAP
YoY +1.5% -28.6% -24.5% -38.2% -38.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 44,992 509 704 416 14.4 9 May 9, 2024 J-GAAP
Mar, 2025 46,145 1,266 1,401 1,116 38.7 19 May 14, 2025 J-GAAP
Mar, 2026 Guidance 47,100 1,230 1,400 900 31.2 16 Nov 6, 2025 J-GAAP
YoY +2.1% -2.8% -0.1% -19.4% -19.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 11,261 253 265 322 11.2 2.2 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 11,999 468 519 335 11.6 3.9 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 11,578 302 325 272 9.4 2.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 11,612 382 443 308 10.7 3.3 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 11,567 298 320 217 7.5 2.6 Nov 6, 2025 J-GAAP
YoY +2.7% +17.8% +20.8% -32.6% -32.7%

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