Maruwa Co. (5344) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2025 rose 6.2% year-over-year to ¥17,256 million, with operating profit up 6.4% to ¥6,002 million, both record first-quarter results.

• Ordinary profit declined 7.4% to ¥5,722 million; net profit attributable to owners fell 13.9% to ¥3,878 million.

• Comprehensive income dropped 21.3% year-over-year to ¥4,205 million.

• Record first-quarter revenue and operating profit were driven by strong demand in next-generation high-speed communication.

Financial highlights

• Net sales: ¥17,256 million, up 6.2% year-over-year.

• Operating profit: ¥6,002 million, up 6.4% year-over-year.

• Ordinary profit: ¥5,722 million, down 7.4% year-over-year.

• Net profit: ¥3,878 million, down 13.9% year-over-year.

• Basic EPS for Q1 was ¥314.31, down from ¥364.96 in the prior year.

Outlook and guidance

• Full-year net sales forecast maintained at ¥76,800 million, up 6.9% year-over-year.

• Operating profit forecast at ¥28,800 million, up 7.0% year-over-year.

• Semiconductor segment expects demand recovery for general-purpose memory and growth in high-purity SiC products in H2.

• No change to initial outlook; market and FX conditions to be closely monitored.

• Forecasts for ordinary income and net profit omitted due to exchange rate uncertainty.