MARUWA Co., Ltd. (5344) on Oct. 27 again raised its full-year forecast, lifting operating profit for the year ending March 2027 by 13.6% to ¥38.3 billion from ¥33.7 billion and sales by 8.8% to ¥101.5 billion, as it reported record first-half sales and profits.
The revised outlook replaces a forecast issued on July 29, 2026, which gave figures only for sales and operating profit. The new forecast adds ordinary profit of ¥38.3 billion, net profit attributable to owners of the parent of ¥26.0 billion and earnings per share of ¥2,106.86. Compared with results for the year ended March 2026, it represents increases of 36.3% in sales, 53.3% in operating profit and 43.1% in net profit.
The company said it expects strong second-half demand for next-generation high-speed communications, while differentiated products for new energy vehicles are expanding and demand for general-purpose memory is holding steady. New buildings at its Seto plant for communications products and its Toki plant for automotive products will begin operating in the second half to raise output. The forecast assumes an exchange rate of ¥158 to the dollar.
| Item | 1H result | YoY | FY forecast |
|---|---|---|---|
| Sales | ¥46.92 billion | +41.7% | ¥101.5 billion |
| Operating profit | ¥17.61 billion | +62.4% | ¥38.3 billion |
| Ordinary profit | ¥17.64 billion | +58.6% | ¥38.3 billion |
| Net profit | ¥12.12 billion | +63.5% | ¥26.0 billion |
Sales and every profit line reached record highs for the April-September half. Ceramic components sales rose 44.7% to ¥41.88 billion, with segment profit up 62.7% to ¥17.81 billion. Lighting equipment sales grew 21.1% to ¥5.04 billion on LED demand tied to the government's goal of 100% LED adoption by 2030.
MARUWA set its interim dividend at ¥55 per share, up from ¥51 a year earlier, and kept its annual dividend forecast unchanged at ¥110, versus ¥102 last year.
Next steps: MARUWA plans to file its semiannual securities report on Nov. 12, 2026, and to begin paying the dividend on Dec. 7, 2026.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
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