Maruwa Regulatory News (MAW)

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results

for the Nine Months Ended December 31, 2024

(Based on Japanese GAAP)

January 29, 2025

Company name:

MARUWA CO., LTD.

Stock exchange listing:

Tokyo, Nagoya

Stock code:

5344

URL https://www.maruwa-g.com/

Representative:

President

Toshiro Kanbe

Inquiries:

Corporate Officer

Daisuke Yamaguchi

TEL 0561-51-0841

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on financial results:

No

Holding of financial results meeting:

Yes

(for analysts and institutional investors)

(Amounts less than one million yen are rounded down)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Nine months ended December 31, 2024

53,141

18.0

19,734

37.1

20,034

33.9

13,965

31.7

Nine months ended December 31, 2023

45,026

1.0

14,393

(10.3)

14,967

(11.9)

10,603

(11.2)

Earnings per share

Diluted earnings per share

Yen

Yen

Nine months ended December 31, 2024

1,131.80

-

Nine months ended December 31, 2023

859.47

-

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of December 31, 2024

136,528

123,232

90.3

As of March 31, 2024

122,515

109,203

89.1

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2024

-

43.00

-

43.00

86.00

Year ending March 31, 2025

-

47.00

-

Year ending March 31, 2025 (Forecast)

47.00

94.00

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Earnings per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

72,100

17.1

26,600

34.3

-

-

-

-

-

(1) Significant changes in the scope of consolidation during the nine months ended December 31, 2024:

No

(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No

Changes in accounting policies due to revisions to accounting standards and other regulations:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

As of December 31, 2024

12,372,000

 shares

As of March 31, 2024

12,372,000

 shares

As of December 31, 2024

32,091

 shares

As of March 31, 2024

34,125

 shares

Nine months ended December 31, 2024

12,338,844

 shares

Nine months ended December 31, 2023

12,337,511

 shares

(Millions of yen)

As of March 31, 2024

As of December 31, 2024

Assets

Current assets

Cash and deposits

55,250

65,911

Notes receivable - trade

360

174

Accounts receivable - trade

13,960

15,120

Electronically recorded monetary claims - operating

1,746

1,693

Merchandise and finished goods

2,248

2,541

Work in process

2,960

3,427

Raw materials and supplies

4,575

5,437

Other

2,516

2,140

Allowance for doubtful accounts

(133)

(84)

Total current assets

83,485

96,362

Non-current assets

Property, plant and equipment

Buildings and structures, net

15,947

15,000

Machinery, equipment and vehicles, net

12,040

13,043

Land

5,005

5,044

Construction in progress

2,952

3,993

Other, net

786

831

Total property, plant and equipment

36,733

37,913

Intangible assets

Other

318

402

Total intangible assets

318

402

Investments and other assets

1,977

1,850

Total non-current assets

39,029

40,166

Total assets

122,515

136,528

(Millions of yen)

As of March 31, 2024

As of December 31, 2024

Liabilities

Current liabilities

Notes and accounts payable - trade

2,957

3,339

Electronically recorded obligations - operating

2,355

1,013

Current portion of long-term borrowings

400

400

Income taxes payable

2,851

3,059

Provision for bonuses

1,042

694

Provision for bonuses for directors (and other officers)

124

78

Other

3,091

4,203

Total current liabilities

12,821

12,789

Non-current liabilities

Deferred tax liabilities

127

143

Other

361

362

Total non-current liabilities

489

506

Total liabilities

13,311

13,295

Net assets

Shareholders' equity

Share capital

8,646

8,646

Capital surplus

12,031

12,103

Retained earnings

87,573

100,428

Treasury shares

(210)

(198)

Total shareholders' equity

108,042

120,979

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

171

82

Foreign currency translation adjustment

989

2,170

Total accumulated other comprehensive income

1,161

2,252

Total net assets

109,203

123,232

Total liabilities and net assets

122,515

136,528

(Millions of yen)

Nine months ended

December 31, 2023

Nine months ended

December 31, 2024

Net sales

45,026

53,141

Cost of sales

22,412

24,237

Gross profit

22,613

28,903

Selling, general and administrative expenses

8,220

9,169

Operating profit

14,393

19,734

Non-operating income

Interest income

133

187

Rental income

88

93

Foreign exchange gains

311

-

Other

93

90

Total non-operating income

627

371

Non-operating expenses

Interest expenses

1

0

Foreign exchange losses

-

24

Rent expenses on real estate for investments

35

36

Other

15

9

Total non-operating expenses

52

71

Ordinary profit

14,967

20,034

Extraordinary income

Gain on sale of non-current assets

-

0

Gain on sale of investment securities

39

-

Subsidy income

-

2,576

Total extraordinary income

39

2,576

Extraordinary losses

Loss on sale and retirement of non-current assets

150

89

Loss on tax purpose reduction entry of non-current assets

-

2,360

Other

8

-

Total extraordinary losses

159

2,450

Profit before income taxes

14,848

20,160

Income taxes - current

3,952

6,026

Income taxes - deferred

291

168

Total income taxes

4,244

6,194

Profit

10,603

13,965

Profit attributable to owners of parent

10,603

13,965

(Millions of yen)

Nine months ended

December 31, 2023

Nine months ended

December 31, 2024

Profit

10,603

13,965

Other comprehensive income

Valuation difference on available-for-sale securities

42

(89)

Foreign currency translation adjustment

281

1,180

Total other comprehensive income

323

1,091

Comprehensive income

10,927

15,056

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

10,927

15,056