Maruwa Co. (5344) Q4 2026 earnings summary

Executive summary

• Net sales for FY ended March 31, 2026 rose 3.7% year-over-year to ¥74,476 million, with operating profit down 7.2% to ¥24,976 million and profit attributable to owners down 5.6% to ¥18,163 million.

• Record-high quarterly sales and profits achieved in Q4 due to the launch of a next-gen high-speed communication model.

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

Financial highlights

• 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.

• Cash and cash equivalents at year-end were ¥66,986 million, down ¥4,581 million from the prior year.

Outlook and guidance

• FY2027 guidance: net sales projected at ¥84,100 million (+12.9% YoY), operating profit at ¥29,700 million (+18.9% YoY).

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

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