Japanese electronic components maker raised revenue and operating profit guidance as demand strengthens for semiconductor quartz glass products and heat dissipation substrates used in next-generation communications; dividend outlook was unchanged.
MARUWA raised its consolidated operating profit forecast for the fiscal year ending March 2027 to ¥33.7 billion, up 35% from the previous fiscal year and ¥4 billion above its earlier projection of ¥29.7 billion. Revenue is now expected to reach ¥93.3 billion, up 25% year on year and ¥9.2 billion higher than the prior forecast of ¥84.1 billion. The company said the revision was driven mainly by expected full-scale growth from the second quarter, July-September 2026, in demand for general-purpose memory-related products, including quartz glass components for semiconductor manufacturing equipment. It kept its annual dividend forecast unchanged at ¥110 per share, up ¥8 from the previous fiscal year, while withholding full-year ordinary profit and net profit guidance because it could not reasonably estimate the impact of foreign exchange fluctuations. MARUWA also lifted its cumulative second-quarter outlook for April-September to revenue of ¥42.2 billion and operating profit of ¥14.8 billion, while April-June 2026 revenue rose 12% to ¥19.2 billion and net profit increased 15% to ¥4.4 billion, helped by demand for heat dissipation substrates used in next-generation high-speed communications.