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.

• EPS rose 9% year-on-year to ¥101.6, driven by profit growth and record-high group transactions.

• Both Retailing and FinTech segments contributed to profit growth, with FinTech seeing record credit card transaction volumes and Retailing benefiting from tenant income and experience-focused stores.

Financial highlights

• Operating revenue reached ¥187.8 billion (+10% year-on-year), with operating profit at ¥33.3 billion (+15%) and net income at ¥19.0 billion (+8%).

• Total assets increased to ¥1.1603 trillion, up ¥156.8 billion from the previous fiscal year-end.

• EPS for the period was ¥101.64, with a full-year forecast of ¥141.4, up from ¥130.7 the previous year.

• Comprehensive income reached ¥21.7 billion (+22.7% year-on-year).

Outlook and guidance

• FY2025 forecast: Operating revenue ¥254.2 billion (+8%), operating profit ¥45.0 billion (+10%), net income ¥26.5 billion (+7%).

• EPS forecast: ¥141.4 (+8%), ROE: 10.4%, ROIC: 3.7%.

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

• Annual dividend forecast: ¥106 per share (+¥5 year-on-year), marking the 13th consecutive increase.

• Total group transactions expected to reach ¥4,980 billion (+11%).