Maruzen raises full-year earnings forecast significantly

Maruzen (TSE: 5982) announced an upward revision to its consolidated earnings forecast for the fiscal year ending February 28, 2025. The company now expects sales of ¥64.25 billion, up from the previous forecast of ¥60 billion. The operating profit forecast has been increased from ¥4.9 billion to ¥6.1 billion, and the recurring profit forecast has risen from ¥5.35 billion to ¥6.65 billion. Net income attributable to owners of the parent is now projected at ¥4.6 billion, a significant increase from the previous forecast of ¥3.75 billion, translating to an increase in earnings per share from ¥237.56 to ¥291.40. The company attributed the improved outlook to the successful implementation of price increases to offset rising raw material costs and personnel expenses, coupled with enhanced operational efficiency driven by its sales division. Maruzen plans to announce its full-year financial results on April 11, 2025.