Marui Group (8252) investor relations material

Executive summary

• Achieved record-high EPS of ¥158.4 (+11% YoY), ROE of 11.6%, and ROIC of 4.0%, surpassing all major KPI targets, with both retail and FinTech segments contributing to growth.

• Consolidated operating income rose 13% YoY to ¥50.2 billion, marking five consecutive years of profit growth.

• Net income increased 7% YoY to ¥28.5 billion, exceeding plan by ¥0.5 billion due to lower-than-expected financial costs.

• Revenue rose 8.8% YoY to ¥276.9 billion.

• ROE and ROIC both exceeded cost of capital and WACC.

Financial highlights

• Group transaction volume reached a record ¥5.3921 trillion (+¥465.3 billion YoY, +9% YoY).

• Operating income grew by ¥5.7 billion YoY, with retail up ¥2.6 billion and fintech up ¥3.0 billion.

• Adjusted operating profit (excluding extraordinary factors) up ¥9.5 billion YoY.

• Special factors included ¥1.2 billion in extraordinary gains from real estate and stock sales, and ¥1.6 billion in extraordinary losses from stock impairment.

• Cash flows from operating activities were an outflow of ¥48.4 billion, mainly due to increased operating receivables; cash and cash equivalents at period end were ¥53.5 billion.

Outlook and guidance

• FY27 EPS forecasted at ¥164.0 (+4% YoY), ROE at 11.8%.

• Group transaction volume projected at ¥5.9 trillion (+9% YoY), operating income at ¥55.0 billion (+10% YoY), and net income at ¥29.5 billion (+4% YoY).

• Revenue guidance for FY2027 is ¥296.0 billion (+7% YoY).

• Dividend to increase to ¥134 per share (+¥3), marking 15 consecutive years of dividend growth.