Marui Group (8252) Q3 2025 earnings summary

Executive summary

• Total transaction volume rose 10% year-over-year to ¥3.6724 trillion, marking a new record high.

• Consolidated operating income increased 15% year-over-year to ¥33.3 billion, also a record for the third quarter cumulative period.

• Net income attributable to shareholders rose 8% year-over-year to ¥19.0 billion, marking the second consecutive period of profit growth.

• Fintech segment operating income grew by ¥2.4 billion to ¥33.6 billion, with adjusted operating income rising for five consecutive quarters.

• Retail segment operating income increased by ¥1.8 billion to ¥5.8 billion, driven by higher tenant income and expanded profit margins.

Financial highlights

• Net income reached a record ¥19.0 billion, up ¥1.4 billion year-over-year.

• Operating income for the group was ¥33.3 billion, up ¥4.4 billion year-over-year.

• Total assets increased to ¥1.16 trillion, up ¥156.8 billion from the previous fiscal year-end.

• EPS forecast for the full year is ¥141.4, up from ¥130.7 the previous year.

• Recurring revenue (gross profit base) was ¥112.4 billion (+8% YoY), accounting for 66.5% of gross profit.

Outlook and guidance

• Full-year operating income is projected at ¥45.0 billion, up 10% year-over-year.

• Net income forecast is ¥26.5 billion, up 7% year-over-year.

• Retail segment profit expected to rise 22% to ¥8.5 billion; fintech segment profit to increase 5% to ¥44.5 billion.

• Group transaction volume expected to reach ¥49.8 trillion (+11% YoY).

• Dividend to increase for 13th consecutive year to ¥106 per share (DOE 8%).