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AZ-COM MARUWA , First Half Ordinary Profit Increases by 36%

Wed Nov 5, 2025 3:30 pm JST Earnings

9090 AZ-COM MARUWA Holdings Inc. 【J-GAAP】

Earnings Report

AZ-COM MARUWA Holdings Inc. <9090> [TSE Prime] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 6.26 billion yen, an increase 36.0% compared to the same period last year, exceeded the previous forecast of 4.65 billion yen.

Progress toward the full-year plan of 12.0 billion yen was 52.2%, also surpassing the five-year average of 48.0%.

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 decrease 18.5% from the same period last year to 5.73 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 17.9% from the same period last year, reaching 3.01 billion yen. The operating profit margin improved from 4.8% in the same period last year to 5.2%.

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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, 2023 96,560 7,317 7,544 4,545 36.1 52.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 101,440 4,326 4,609 2,845 21.1 39.6 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 113,054 6,068 6,269 3,991 29.6 52.2 Nov 5, 2025 J-GAAP
YoY +11.4% +40.3% +36.0% +40.3% +40.4%

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 105,000 4,500 4,650 2,850 21.2 16 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 113,054 6,068 6,269 3,991 29.6 16 Nov 5, 2025 J-GAAP
Revision Rate +7.7% +34.8% +34.8% +40.0% +40.1%

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 106,930 6,643 7,036 4,439 33.0 16 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 106,946 5,832 5,731 3,309 24.6 16 Nov 5, 2025 J-GAAP
YoY +0.0% -12.2% -18.5% -25.5% -25.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 198,554 13,845 14,498 9,119 70.9 30 May 13, 2024 J-GAAP
Mar, 2025 208,370 10,969 11,645 7,284 54.1 32 May 12, 2025 J-GAAP
Mar, 2026 Guidance 220,000 11,900 12,000 7,300 54.2 32 May 12, 2025 J-GAAP
YoY +5.6% +8.5% +3.0% +0.2% +0.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 51,760 2,471 2,552 1,622 12.0 4.8 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 56,204 4,618 4,793 3,113 23.1 8.2 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 50,726 2,025 2,243 1,326 9.8 4.0 May 12, 2025 J-GAAP
Apr - Jun, 2025 55,246 3,076 3,259 2,003 14.9 5.6 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 57,808 2,992 3,010 1,988 14.8 5.2 Nov 5, 2025 J-GAAP
YoY +11.7% +21.1% +17.9% +22.6% +22.6%

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