Muninova (547A) Q1 2026 earnings summary

Executive summary

• Core businesses achieved double-digit growth in total receivables and operating revenue year-over-year for Q1 FY2026/3, with profit indicators progressing steadily.

• Operating profit surged 92.1% YoY to ¥7.2bn, ordinary profit up 72.7% YoY to ¥6.7bn, and net profit attributable to owners up 7.7% YoY to ¥4.0bn.

• Profit plan is weighted toward the second half due to write-off related costs, with Q1 ordinary profit in line with expectations.

• Four subsidiaries were newly consolidated, contributing to revenue and profit growth.

• Strategic focus on enhancing profitability, expanding through M&A, and promoting business diversification.

Financial highlights

• Total receivable outstanding rose 13.4% YoY to ¥1,376.5bn; operating revenue up 15.7% YoY to ¥51.6bn.

• Operating profit increased 92.1% YoY to ¥7.2bn; ordinary profit up 72.7% YoY to ¥6.7bn; net profit attributable to owners up 7.7% YoY to ¥4.0bn.

• Adjusted operating profit grew 26.2% YoY to ¥8.4bn.

• Operating expenses increased 8.6% YoY, mainly due to higher financial expenses and new subsidiary consolidation.

• Extraordinary losses posted due to system matters and phishing scam incidents.

Outlook and guidance

• FY2026/3 full-year guidance: total receivable outstanding expected at ¥1,493.0bn (+11.4% YoY), operating revenue at ¥210.7bn (+11.4% YoY), operating profit at ¥29.5bn (+16.6% YoY), ordinary profit at ¥30.0bn (+11.9% YoY), net profit at ¥23.8bn (+5.7% YoY).

• Profits expected to be weighted toward the second half as loan collections and credit costs decline.

• No revisions to earnings or dividend forecasts; annual dividend forecast at 12.00 yen per share.

• Management notes risks in the business environment may cause actual results to differ from forecasts.