MARUWA CO., LTD., the Aichi-based maker of fine ceramic components and LED lighting equipment, posted record first-quarter operating profit for the three months to June 30, 2026, and used the same day's filing to raise the full-year earnings guidance it had set on May 8, 2026.
Net sales rose 11.7% year-on-year to ¥19.27bn, operating profit climbed 5.8% to ¥6.35bn, ordinary profit gained 14.9% to ¥6.57bn, and net profit attributable to parent shareholders rose 15.2% to ¥4.47bn, the company's best-ever first quarter. The ceramic components segment, its largest business, grew sales 10.1% to ¥16.79bn on demand for next-generation high-speed communication parts, with segment profit up 6.3% to ¥6.44bn. The smaller lighting equipment business grew faster: sales rose 23.7% to ¥2.48bn and profit jumped 47.7% to ¥497mn, which the company links to Japan's government target of moving all lighting to LED by 2030.
On the strength of that quarter, MARUWA raised the full-year forecast it had set in May. It now guides to net sales of ¥93.3bn, up ¥9.2bn or 10.9% from the prior ¥84.1bn forecast, and operating profit of ¥33.7bn, up ¥4bn or 13.5% from ¥29.7bn. Against actual results for the year ended March 2026, that implies growth of 25.3% in sales and 34.9% in operating profit. First-half guidance moved up too, to sales of ¥42.2bn and operating profit of ¥14.8bn.
| Metric | Previous forecast | Revised forecast | Change |
|---|---|---|---|
| First-half net sales | ¥39.4bn | ¥42.2bn | +7.1% |
| First-half operating profit | ¥13.5bn | ¥14.8bn | +9.6% |
| Full-year net sales | ¥84.1bn | ¥93.3bn | +10.9% |
| Full-year operating profit | ¥29.7bn | ¥33.7bn | +13.5% |
MARUWA points to broadening orders for next-generation high-speed telecom components and a general-purpose memory-chip demand pickup it expects to arrive in earnest from the second quarter. To meet it, the company is adding capacity in new buildings under construction at its Seto plant, which serves telecom-related ceramics, and its Miharu plant, which serves semiconductor-related work. Both forecasts assume an exchange rate of ¥158 to the dollar.
MARUWA still does not forecast ordinary or net profit for the full year, saying currency swings make those figures too hard to predict. The annual dividend forecast is unchanged at a total of ¥110 per share for the year to March 2027, up from ¥102 paid the prior year. Total assets rose to ¥165.46bn and the equity ratio improved to 91.5% from 90.5% at the end of March. The quarterly statements were not independently reviewed by an outside auditor, per the filing.