Maruwa lowers fiscal year earnings forecast on H1 performance

Maruwa announced a revision to its consolidated earnings forecast for the fiscal year ending March 31, 2026. The company now anticipates Net Sales of yen 75,100 million, a decrease from the previously forecast yen 76,800 million, and Operating Profit of yen 27,000 million, down from yen 28,800 million. This adjustment, based on first-half performance, represents a 2.2% decrease in Net Sales and a 6.3% decrease in Operating Profit compared to the prior forecast.

Despite the downward revision, Maruwa expects an increase in both revenue and profit for the full fiscal year. The forecast for the second half of the fiscal year remains unchanged from the initial plan, with growth driven by increased production for next-generation high-speed communication products. Forecasts for Ordinary Profit and Net Profit Attributable to Owners of the Parent are undisclosed due to potential volatility from exchange rate fluctuations.

For the second quarter ended September 30, 2025, Maruwa reported consolidated Net Sales of yen 33,115 million and Operating Profit of yen 10,843 million. The company plans an annual dividend of yen 102 per share for the fiscal year ending March 31, 2026, an increase of yen 8 from the previous year.