Marui Group (8252) Q4 2026 earnings summary

Executive summary

• EPS reached a record ¥158.4 (+11% YoY), with ROE at 11.6% and ROIC at 4.0%, all surpassing targets.

• Consolidated operating profit rose 13% YoY to ¥50.2 billion, marking five consecutive years of profit growth.

• Net income increased 7% YoY to ¥28.5 billion, exceeding plan by ¥0.5 billion due to lower-than-expected financial costs.

• Total group transactions hit a record ¥5,392.1 billion (+9% YoY), with both retail and FinTech segments contributing.

Financial highlights

• Operating profit increased by ¥5.7 billion YoY to ¥50.2 billion, with retail up ¥2.6 billion and FinTech up ¥3.0 billion.

• Group transaction volume reached ¥5.3921 trillion (+¥465.3 billion YoY).

• Extraordinary items included ¥1.2 billion in gains from real estate/stock sales and ¥1.6 billion in stock impairment.

• Cash flows from operating activities were an outflow of ¥48.4 billion, mainly due to increased receivables.

• Interest-bearing debt rose to ¥716.3 billion (+¥79.8 billion YoY); equity-to-asset ratio declined to 21.4% (-2.0% YoY).

Outlook and guidance

• FY2027 guidance: revenue ¥296.0 billion (+7% YoY), operating profit ¥55.0 billion (+10%), net income ¥29.5 billion (+4%), EPS ¥164.0 (+4%), ROE 11.8%.

• Total group transactions forecast to reach ¥5,900.0 billion (+9% YoY).

• Dividend per share to increase to ¥134 (+¥3), marking 15 consecutive years of increases and maintaining a DOE of 10%.

• Retail segment operating profit expected to rise 3% to ¥11.5 billion; FinTech segment to grow 8% to ¥51 billion.