Muninova (547A) Q2 2026 earnings summary

Executive summary

• Core businesses delivered double-digit growth in total receivables and operating revenue year-over-year for Q2 FY2026/3, with profit exceeding plan due to stable credit costs.

• Operating revenue for the six months ended September 30, 2025, rose 14.4% year-over-year to 104,454 million yen, driven by growth in loan, credit guarantee, and credit card businesses.

• Operating profit surged 84.9% year-over-year to 16,705 million yen, with profit attributable to owners of parent up 76.1% to 12,661 million yen.

• Expansion included the consolidation of six new subsidiaries, notably in the SES and system engineering sectors.

• Progress toward the medium-term management plan target of ¥42.0 billion in ordinary profit is on track.

Financial highlights

• Total receivable outstanding rose 13.7% year-over-year to ¥1,425.2 billion in Q2 FY2026/3.

• Operating revenue increased 14.4% year-over-year to ¥104.4 billion.

• Interest on loans receivable increased 11.6% year-over-year to 57,811 million yen; credit guarantee revenue rose 12.2% to 11,693 million yen.

• Operating profit surged 84.9% year-over-year to ¥16.7 billion; net profit attributable to owners of parent up 76.1% to ¥12.6 billion.

• Net assets increased to 233,043 million yen, up 5.3% from March 31, 2025; total assets reached 1,520,877 million yen.

Outlook and guidance

• Full-year ordinary profit forecast revised upward by ¥3.0 billion to ¥33.0 billion.

• Full-year consolidated revenue forecast revised upward to 213,500 million yen (up 12.9% year-over-year), with profit attributable to owners of parent projected at 27,600 million yen (up 22.6%).

• Operating revenue for the year revised to ¥213.5 billion, up ¥2.8 billion from the initial plan.

• Upward revision driven by steady loan and guarantee business growth, improved collection environment, and lower credit costs.

• Continued focus on growth in loan, credit, and guarantee businesses, with targets for receivables and revenue raised.