Muninova (547A) Q1 2027 earnings summary

Executive summary

• Core businesses delivered strong performance in Q1 FY2027/3, with significant improvements in net profit due to a favorable change in tax effect accounting classification.

• Transitioned to a holding company structure on April 1, 2026, via a sole share transfer, with this quarter being the first consolidated reporting period under the new structure.

• Successful tender offer for Anshin Guarantor Service, expanding the rent guarantee business and group earnings base.

• Recognition for AI-driven automation, notably shortening corporate loan screening processes.

• Focused on enhancing group management, optimizing the business portfolio, and pursuing growth in core and new business areas.

Financial highlights

• Operating revenue rose to ¥57.3bn, up 11.1% year-over-year; operating profit increased to ¥9.8bn, up 36.2%.

• Net profit attributable to owners of parent surged to ¥10.4bn, a 161.5% year-over-year increase.

• Ordinary profit climbed to ¥9.7bn, up 45.3% year-over-year.

• Total assets at quarter-end were ¥1,714,243 million; net assets were ¥248,693 million.

• Net income per share was ¥21.89.

Outlook and guidance

• Full-year operating revenue forecast at ¥238.6bn, up 11.1% year-over-year.

• Full-year operating profit projected at ¥41.3bn, up 21.1% year-over-year.

• Net profit guidance for the year is ¥32.0bn, up 18.0% year-over-year.

• No revisions to previously announced forecasts; actual results may differ due to various risks.

• Continued focus on expanding loan and guarantee balances, cost control, and productivity improvements to offset rising funding rates.