Muninova (547A) investor relations material

Executive summary

• Six months ended Sep. 30, 2026: operating revenue ¥115,824 million, operating profit ¥21,802 million and profit attributable to owners ¥21,353 million; no prior-year comparison was presented after the holding company’s Apr. 1, 2026 establishment.

• H1 receivables grew 14.9% YoY to ¥1,637.4bn; strategy centers on loan, credit guarantee, card and payment growth, investment in growth areas and M&A.

Financial highlights

• Operating expenses were ¥94,022 million, including ¥30,489 million of allowance for doubtful accounts, ¥9,477 million of advertising expenses and ¥8,275 million of financial expenses.

• Profit before income taxes was ¥22,412 million; comprehensive income was ¥17,085 million, including ¥4,660 million of other comprehensive losses.

• Total assets were ¥1,804,785 million and net assets ¥260,139 million at Sep. 30, 2026; liabilities totaled ¥1,544,646 million.

Outlook and guidance

• FY2027/3 forecasts: revenue ¥239.8bn, operating and ordinary profit ¥42.0bn each, parent profit ¥34.2bn and EPS ¥71.38.

• Guidance rose by ¥1,200 million for revenue, ¥700 million for operating profit and ¥2,200 million for parent profit; ordinary profit forecast was unchanged.

• FY2027/3 adjusted operating profit forecast is ¥52.8bn; priorities include improving loan conversion and lending volume, expanding merchant and guarantee partnerships, and managing credit risk and costs.

• FY2027 annual dividend forecast is ¥20 per share; payout policy targets a total payout ratio of ~30%.