Maruo Calcium Co., Ltd. (TSE:4102) revised its earnings forecast for the period ending March 31, 2026, citing weaker demand in residential and overseas markets.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 13.0bn | JPY 12.6bn | -2.8% |
| Operating Profit | JPY 100M | JPY 85M | -15.0% |
| Ordinary Income | JPY 250M | JPY 321M | +28.4% |
| Net Profit | JPY 150M | JPY 293M | +95.3% |
| EPS | JPY 68.14/share | JPY 137.70/share | +JPY 69.56/share |
The company cited reduced revenue from residential and overseas sales as the primary reason for the downward revision in revenue and operating profit. However, the revision also reflects stronger-than-expected foreign exchange gains due to yen depreciation and gains from the sale of policy-held equity securities, which boosted ordinary income and net profit.
The revised forecast highlights the impact of currency movements and asset management on Maruo Calcium’s financial results. While core business performance is expected to weaken, the company’s exposure to foreign exchange fluctuations and strategic asset sales are contributing to improved profitability metrics. Investors should monitor macroeconomic trends and currency developments as key factors influencing future results.