Muninova (547A) investor relations material

Executive summary

• Core businesses delivered double-digit growth in total receivables and operating revenue year-over-year for Q3 FY2026/3, with ordinary profit and net profit both exceeding 40% growth compared to the same period last year.

• Operating revenue for the nine months ended December 31, 2025, rose 13.7% year-over-year to ¥159,709 million, driven by growth in core loan, credit guarantee, and credit card businesses.

• Six new subsidiaries, including AG Solution Technology, Seven Seas, Liblock, Salop, TEMPLATE, and Smart Link, were consolidated, enhancing in-house development and SES capabilities.

• Progress toward full-year profit plans is favorable, with adjusted operating profit up 20.2% year-over-year.

Financial highlights

• Total receivable outstanding rose 14.6% year-over-year to ¥1,481.7 billion.

• Operating revenue increased 13.7% year-over-year to ¥159.7 billion.

• Operating profit surged 47.5% year-over-year to ¥27.7 billion; ordinary profit up 42.8% to ¥28.2 billion.

• Net profit attributable to owners grew 50.8% year-over-year to ¥22.4 billion.

• Net assets at December 31, 2025, were ¥240,313 million, up 8.5% from March 31, 2025; total assets increased 10.8% to ¥1,605,581 million.

Outlook and guidance

• Full-year guidance projects operating revenue of ¥213.5 billion (+12.9% YoY), operating profit of ¥32.3 billion (+27.7% YoY), and net profit of ¥27.6 billion (+22.6% YoY).

• Credit guarantee business target revised upward to ¥378.4 billion in outstanding guarantees.

• Dividend forecast for FY2026 is ¥12.00 per share, unchanged from the previous year.