Maruwa Co. (5344) Q4 2026 earnings summary

Executive summary

• FY2025 net sales rose 3.7% year-over-year to ¥74,476 million, while net profit declined 5.6% to ¥18,163 million.

• Q4 FY2025 achieved record quarterly highs in both net sales and operating profit, driven by strong telecommunication and semiconductor demand and the launch of a next-gen high-speed communication model.

• Comprehensive income increased 4.4% year-over-year to ¥20,550 million.

Financial highlights

• Operating profit for FY2025 was ¥24,976 million, down 7.2% year-over-year.

• Ordinary profit decreased 2.6% year-over-year to ¥26,321 million.

• Gross profit for FY2026 was ¥39,158 million, with a gross margin of 52.6%.

• Total assets increased to ¥162,691 million, up ¥20,405 million from the previous year.

• Equity ratio improved to 90.5% from 89.9% year-over-year.

Outlook and guidance

• FY2026/FY2027 net sales forecasted at ¥84,100 million, up 12.9% year-over-year.

• Operating profit expected to rise 18.9% to ¥29,700 million, with operating margin at 35.3%.

• Dividend for FY2027 planned at ¥110 per share, up ¥8 from FY2026.

• Strong growth anticipated in telecommunication (+23% YoY) and semiconductor (+14% YoY) markets.

• Guidance set conservatively due to ongoing geopolitical risks and global economic uncertainty.