Marui Group (8252) Q2 2026 earnings summary

Executive summary

• Group transaction volume for the six months ended September 30, 2025, rose 10% year-over-year to ¥2,613.7 billion, with both retail and FinTech segments contributing to double-digit growth and record highs.

• Revenue increased 10% year-over-year to ¥136.4 billion, and net income attributable to owners of parent grew 22% to ¥14.8 billion, marking four consecutive quarters of profit growth.

• EPS increased 27% year-over-year to ¥82.5, and comprehensive income grew 39% to ¥18.3 billion.

• Retail and FinTech segments both exceeded pre-pandemic profit levels, with FinTech achieving a record high for the first half.

• Gross profit margin remained high at 87.6%.

Financial highlights

• Operating profit increased 23% year-over-year to ¥26.4 billion, with Retailing up 57% and FinTech up 14%.

• Ordinary profit increased 17% to ¥23.1 billion; net income up 22% to ¥14.8 billion.

• Earnings per share (EPS) for the six months reached ¥82.5, a 27% increase year-over-year.

• Return on equity (ROE) improved to 11.2%.

• Credit card transaction volume reached a record ¥1,225.2 billion; merchant fee rate increased to 1.22%.

Outlook and guidance

• FY2026 revenue forecast: ¥272.5 billion (+7% YoY); operating profit: ¥50.0 billion (+12% YoY); net income: ¥28.0 billion (+5% YoY); EPS: ¥155.0 (+8% YoY); ROE: 11.2%.

• Segment guidance: retail operating profit to rise 28% to ¥11.0 billion; FinTech up 7% to ¥47.0 billion.

• Annual dividend forecast: ¥131 per share (+¥25 YoY), marking the 14th consecutive increase.

• Total group transactions for FY2026 projected at ¥5,390.0 billion (+9% YoY).

• No changes to initial guidance; flexible share buybacks planned if share price lags profitability.