Muninova (547A) investor relations material

Executive summary

• Achieved Year 2 targets of the medium-term management plan, driven by revenue growth at AIFUL, AG Payment Services, and expansion in loans, credit cards, and credit guarantees.

• Transitioned to a holding company structure under Muninova Holdings, listed on the Tokyo Stock Exchange as of April 2026, with AIFUL delisted.

• Solid revenue and profit growth, supported by double-digit increases in operating receivables and favorable collection environment.

• Strategic alliances and acquisitions, including business alliance with Mizuho Bank and Orico, acquisition of WebMoney business, and consolidation of six new subsidiaries.

• Significant M&A activity, including acquisitions in system engineering and payment services sectors.

Financial highlights

• Operating revenue for FY2026/3 was ¥214.6bn, up 13.6% year-over-year; operating profit ¥34.1bn, up 34.8%.

• Ordinary profit reached ¥35.5bn, up 32.5% year-over-year; net profit attributable to owners was ¥27.1bn, up 20.5%.

• Adjusted operating profit (excluding one-time items) was ¥50.7bn, up 21.9% year-over-year.

• Total receivable outstanding grew to ¥1,539.5bn, up 14.9% year-over-year; total assets at year-end were ¥1,640.1bn, up 13.2%.

• Dividend per share for the year was ¥12.00, up from ¥2.00 the previous year.

Outlook and guidance

• FY2027/3 guidance: operating revenue ¥238.6bn (+11.1%), operating profit ¥41.3bn (+21.1%), ordinary profit ¥42.0bn (+18.2%), net profit ¥32.0bn (+18.0%).

• Receivable outstanding forecasted to reach ¥1,754.3bn (+13.9%).

• Continued focus on cost reduction, productivity improvements, and growth investments up to ¥60bn over three years.

• No dividend forecast for the next fiscal year due to delisting; refer to Muninova Holdings Inc. for future guidance.

• The company aims to improve profitability through balanced growth in core businesses and cost reforms, with continued investment in high-growth and M&A initiatives.