Marui Group (8252) Q2 2026 earnings summary

Executive summary

• Group transaction volume rose 10% year-over-year to ¥2,613.7 billion, with double-digit growth and record highs in both retail and FinTech segments.

• Consolidated operating profit increased 23% to ¥26.4 billion; net income up 22% to ¥14.8 billion, marking four consecutive quarters of profit growth.

• EPS increased 27% year-over-year to ¥82.5, and comprehensive income grew 39% to ¥18.3 billion.

• Retail and FinTech segments both exceeded pre-pandemic profit levels, with FinTech achieving a record high for the first half.

• Retail operating profit exceeded pre-COVID levels, and FinTech operating profit rose ¥3.1 billion year-over-year.

Financial highlights

• Operating profit rose 23% year-over-year to ¥26.4 billion; underlying operating profit (excluding securitization) up 14% to ¥24.4 billion.

• Ordinary profit increased 17% to ¥23.1 billion; net income up 22% to ¥14.8 billion.

• Retailing segment operating profit rose 57% YoY to ¥5.1 billion; FinTech segment operating profit rose 14% YoY to ¥25.4 billion.

• Credit card transaction volume reached a record ¥1,225.2 billion; merchant fee rate increased to 1.22%.

• Total assets increased to ¥1,138.8 billion (+¥85.4 billion from March 2025); equity-to-asset ratio was 22.0%.

Outlook and guidance

• Full-year operating profit forecast unchanged at ¥50.0 billion (+12% YoY); net income forecast at ¥28.0 billion (+5% YoY); EPS: ¥155.0 (+8% YoY); ROE: 11.2%.

• Segment guidance: retail operating profit to rise 28% to ¥11.0 billion; FinTech up 7% to ¥47.0 billion.

• Annual dividend forecast: ¥131 per share (+¥25 YoY), marking the 14th consecutive increase.

• No changes to initial guidance; flexible share buybacks planned if share price lags profitability.

• Total group transactions for FY2026 projected at ¥5,390.0 billion (+9% YoY).