Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027 | MARUI GROUP CO.,LTD. (8252) timely disclosure

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Improvement

Direction inferred from the company’s description.

Scale

308

¥100 million (first-half operating profit)

Wording

Conditional

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Contents of this document

Results presentationSecond quarter of the fiscal year ending March 202714 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales1,488 Hundreds of millions of yen

Operating profit308 Hundreds of millions of yen+17.0%

Ordinary income254 Hundreds of millions of yen+10.0%

Net income168 Hundreds of millions of yen+13.0%

Results for the three months of the current quarterCard credit transaction volume: ¥1.3318 trillion, 109% year on year. Transaction volume at events supporting people's interests: ¥8.3 billion, 160% year on year. New card sign-ups at events: 82,000, 138% year on year.

Full-year earnings forecast

Group gross transaction volume¥5.885 trillion

Revenue¥297.8 billion

Gross profit¥261.8 billion

Selling, general and administrative expenses¥205.3 billion

Operating profit¥56.5 billion

Ordinary income¥44.0 billion

Profit for the period¥29.5 billion

EPS¥167.7

ROE12.3％

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Operating profit in retail and fintech is expected to exceed the plan; ordinary profit and net income are expected to be in line with the plan.

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Consolidated operating profitRetail: +¥1.4 billion; fintech: +¥5.2 billion; corporate eliminations: +¥0.1 billion; securitization of receivables: -¥2.3 billion

Retail operating incomeTenant: +¥1.5 billion; events: +¥0.4 billion; e-commerce: +¥0.2 billion; expenses and other: -¥0.7 billion; related businesses: +¥0.2 billion; special factors: -¥0.2 billion

Fintech operating incomeRevenue: +¥12.2 billion; expenses: -¥7.0 billion; securitization of receivables: -¥2.3 billion

Ordinary incomeRetail: +¥1.4 billion; fintech: +¥5.2 billion; corporate eliminations: +¥0.1 billion; non-operating income and expenses: -¥2.1 billion; securitization of receivables: -¥2.3 billion

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

The number of policy rate hikes has changed from 2 per year under the plan to 4. The policy rate for the fiscal year ending March 2028 is expected to be 2.0%, compared with the initial assumption of 1.0%.

New initiatives

Fees for installment and revolving payments are scheduled to be revised again to 18.0–19.8% in the fiscal year ending March 2028.
Expand partnerships with major property management companies in the rent guarantee business.
Bank loan guarantees are scheduled to begin on a phased basis from 2027.
Open the first SUKI PLACE location at LUCUA Osaka in November 2026 and expand external locations.
Expand experiential event spaces from 14 locations in the fiscal year ending September 2026 to 38 locations in the fiscal year ending March 2031.

Key KPIsA metric the company considers important as a management benchmark.

Group gross transaction volume¥284.66 billion
Year on year against the same period last year109％
Existing-store transaction volume112% year on year
Year on year against the same period last yearExceeded the previous year for 50 consecutive months
Cardholders8.51 million
Year on year against the same period last yearRecord high
New memberships440,000 10,000 people
Year on year against the same period last yearRecord high
Rent guarantee revenue¥11.9 billion
Year on year against the same period last year114％
Bad debt ratio1.0％
Year on year against the same period last yearIn line with the previous fiscal year
Renewable energy ratio100％

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Monthly rent revenue per tsubo for fixed-term leases: from ¥51,000 to ¥53,000; non-operating floor area: from 5,200 tsubo to 4,000 tsubo. Quantity metrics including card transaction volume and installment/revolving transaction volume are also provided.

Segment results

Retail

Revenue¥43.8 billion, up ¥0.9 billion year on year

Operating profit¥6.5 billion, up ¥1.4 billion year on year, 127% year on year

Fintech

Revenue¥110.3 billion, up ¥12.2 billion year on year

Operating profit¥28.3 billion, up ¥2.9 billion year on year, 111% year on year

Medium-term management plan targets

For the fiscal year ending March 2031: group total transaction volume of ¥10 trillion, ROE of at least 15%, average annual EPS growth of at least 9%, PBR of 3–4x, PER of at least 25x, and average annual TSR growth of at least 12%.

Financial targets

For the fiscal year ending March 2031: ROE of at least 15%, PBR of 3–4x and PER of at least 25x. Forecast ROE for the fiscal year ending March 2027 is 12.3%, and the equity ratio is 19.2%.

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

Financial expenses will increase by ¥1 billion. Further policy rate increases are assumed.

Market Size / Share

Members aged 30 and under account for 47% of the SUKI Card membership base, compared with the industry average. Year-on-year new card sign-ups: SUKI Card 106%; industry average 97%.

Capital expenditures

¥49 100 million existing investments

Annual Dividend

¥11.9 billion (per-share dividend and interim/year-end breakdown: Not disclosed)

Acquisition of treasury shares

Approximately ¥15 billion was acquired concurrently with the issuance of convertible bonds. The capital allocation plan also includes a separate ¥2.9 billion share repurchase. Period: Not disclosed.

Contents of this document
Item	Details
Document type	Results presentation
Fiscal Period Covered	Second quarter of the fiscal year ending March 2027
Net Sales	1,488 Hundreds of millions of yen
Operating profit	308 Hundreds of millions of yen (YoY +17.0%)
Ordinary income	254 Hundreds of millions of yen (YoY +10.0%)
Net income	168 Hundreds of millions of yen (YoY +13.0%)
Results for the three months of the current quarter	Card credit transaction volume: ¥1.3318 trillion, 109% year on year. Transaction volume at events supporting people's interests: ¥8.3 billion, 160% year on year. New card sign-ups at events: 82,000, 138% year on year.
Full-year earnings forecast	Group gross transaction volume ¥5.885 trillion / Revenue ¥297.8 billion / Gross profit ¥261.8 billion / Selling, general and administrative expenses ¥205.3 billion / Operating profit ¥56.5 billion / Ordinary income ¥44.0 billion / Profit for the period ¥29.5 billion / EPS ¥167.7 / ROE 12.3％
Self-assessment against the plan	Operating profit in retail and fintech is expected to exceed the plan; ordinary profit and net income are expected to be in line with the plan.
Segment results	Retail Revenue ¥43.8 billion, up ¥0.9 billion year on year / Operating profit ¥6.5 billion, up ¥1.4 billion year on year, 127% year on year / Fintech Revenue ¥110.3 billion, up ¥12.2 billion year on year / Operating profit ¥28.3 billion, up ¥2.9 billion year on year, 111% year on year
Breakdown of Factors Affecting the Change	Consolidated operating profit Retail: +¥1.4 billion; fintech: +¥5.2 billion; corporate eliminations: +¥0.1 billion; securitization of receivables: -¥2.3 billion / Retail operating income Tenant: +¥1.5 billion; events: +¥0.4 billion; e-commerce: +¥0.2 billion; expenses and other: -¥0.7 billion; related businesses: +¥0.2 billion; special factors: -¥0.2 billion / Fintech operating income Revenue: +¥12.2 billion; expenses: -¥7.0 billion; securitization of receivables: -¥2.3 billion / Ordinary income Retail: +¥1.4 billion; fintech: +¥5.2 billion; corporate eliminations: +¥0.1 billion; non-operating income and expenses: -¥2.1 billion; securitization of receivables: -¥2.3 billion
Key KPIs	Indicator name Group gross transaction volume / Value ¥284.66 billion / Year on year against the same period last year 109％, Indicator name Existing-store transaction volume / Value 112% year on year / Year on year against the same period last year Exceeded the previous year for 50 consecutive months, Indicator name Cardholders / Value 8.51 million / Year on year against the same period last year Record high, Indicator name New memberships / Value 440,000 10,000 people / Year on year against the same period last year Record high, Indicator name Rent guarantee revenue / Value ¥11.9 billion / Year on year against the same period last year 114％, Indicator name Bad debt ratio / Value 1.0％ / Year on year against the same period last year In line with the previous fiscal year, Indicator name Renewable energy ratio / Value 100％ / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	Monthly rent revenue per tsubo for fixed-term leases: from ¥51,000 to ¥53,000; non-operating floor area: from 5,200 tsubo to 4,000 tsubo. Quantity metrics including card transaction volume and installment/revolving transaction volume are also provided.
Assumptions Underlying the Business Outlook	The number of policy rate hikes has changed from 2 per year under the plan to 4. The policy rate for the fiscal year ending March 2028 is expected to be 2.0%, compared with the initial assumption of 1.0%.
Risk amount incorporated into the outlook	Financial expenses will increase by ¥1 billion. Further policy rate increases are assumed.
Medium-term management plan targets	For the fiscal year ending March 2031: group total transaction volume of ¥10 trillion, ROE of at least 15%, average annual EPS growth of at least 9%, PBR of 3–4x, PER of at least 25x, and average annual TSR growth of at least 12%.
Financial targets	For the fiscal year ending March 2031: ROE of at least 15%, PBR of 3–4x and PER of at least 25x. Forecast ROE for the fiscal year ending March 2027 is 12.3%, and the equity ratio is 19.2%.
Annual Dividend	¥11.9 billion (per-share dividend and interim/year-end breakdown: Not disclosed)
Acquisition of treasury shares	Approximately ¥15 billion was acquired concurrently with the issuance of convertible bonds. The capital allocation plan also includes a separate ¥2.9 billion share repurchase. Period: Not disclosed.
Capital expenditures	¥49 100 million (existing investments)
Market Size / Share	Members aged 30 and under account for 47% of the SUKI Card membership base, compared with the industry average. Year-on-year new card sign-ups: SUKI Card 106%; industry average 97%.
New initiatives	Fees for installment and revolving payments are scheduled to be revised again to 18.0–19.8% in the fiscal year ending March 2028., Expand partnerships with major property management companies in the rent guarantee business., Bank loan guarantees are scheduled to begin on a phased basis from 2027., Open the first SUKI PLACE location at LUCUA Osaka in November 2026 and expand external locations., Expand experiential event spaces from 14 locations in the fiscal year ending September 2026 to 38 locations in the fiscal year ending March 2031.

Items this document does not state (9)

Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesPayout ratioOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In retail, higher tenant and event revenue, among other factors, lifted profit. In fintech, increased revenue from installment fees and rent guarantees, among other sources, lifted profit. Financial expenses increased outside operating income due to higher interest rates, but this was absorbed by the increase in operating profit.

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