Marui Group (8252) investor relations material

Executive summary

• For the nine months ended December 31, 2025, total group transactions reached ¥4,020.4 billion, up 9.4% year-over-year, with both Retailing and FinTech segments contributing to growth.

• Revenue for the period was ¥205.8 billion, up 10% year-over-year, and net income attributable to owners of parent was ¥21.5 billion, up 13% year-over-year.

• EPS increased 17.4% year-over-year to ¥119.35, driven by higher profits.

• The group continues to focus on recurring revenue, with a recurring revenue ratio of 63.9% and recurring gross profit ratio of 66.1% for the period.

Financial highlights

• Operating income was ¥39.8 billion, up 19.5% year-over-year; ordinary income was ¥34.6 billion, up 13.9% year-over-year.

• Gross profit reached ¥180.5 billion, up 8.8% year-over-year, with a gross profit margin of 87.6%.

• Retailing segment operating profit was ¥8.4 billion (+45% YoY); FinTech segment operating profit was ¥37.5 billion (+12% YoY).

• Interest-bearing debt increased to ¥776.6 billion (+¥140.1 billion from previous year), and equity-to-asset ratio declined to 19.7%.

• Cash flows from operating activities were an outflow of ¥89.8 billion, with core operating cash flow at ¥34.5 billion.

Outlook and guidance

• For the full year ending March 31, 2026, total group transactions are forecast at ¥5,140.0 billion, up 9.8% year-over-year.

• Revenue is projected at ¥272.5 billion (+7.1% YoY), with net income attributable to owners of parent expected to reach ¥28.0 billion (+5.3% YoY).

• EPS is forecast at ¥155.0 (+8.2% YoY), and ROE is targeted at 11.2%.

• Retailing segment operating profit is forecast at ¥11.0 billion (+28% YoY), FinTech at ¥47.0 billion (+7%).

• Annual dividend is expected to reach ¥131 per share (+¥25 YoY), with a DOE target of 10%.