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KAWASAKI SETSUBI, Ordinary Profit Forecast for First Half Revised Upward by 67%, Exceeded Record Profit Forecast, Full Year also Increased

Thu Jul 31, 2025 1:00 pm JST Earnings

1777 KAWASAKI SETSUBI KOGYO CO., LTD. 【J-GAAP】

Earnings Report

KAWASAKI SETSUBI KOGYO CO., LTD. <1777> [NSE Main] announced its financial results in the afternoon session on July 31st (13:00). The ordinary profit (non-consolidated) for the first quarter of the fiscal year ending March 2026 (April to June) surged 9.1 times that of the same period last year, reaching 1.43 billion yen.

In addition, the April to September period (first half) ordinary profit has been revised upward 67.5%, from the previous forecast of 1.44 billion yen to 2.42 billion yen (compared to 0.62 billion yen in the same period of the previous year), increasing the growth rate from 2.3 times to 3.9 times. The company has further increased its previous forecast of record profits for the first time in six years.

Following the strong performance in the first half, the full-year forecast for ordinary profit has been revised upward 28.1%, from the previous forecast of 3.20 billion yen to 4.10 billion yen (compared to 2.73 billion yen in the previous period), increasing the growth rate from 17.1% to 50.0%, further surpassing the previous forecast of record-high profits for two consecutive terms.

In the most recent three-month period, from April to June (1Q), the operating profit margin drastically improved from 3.3% in the same period last year to 15.7%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 4,314 50 58 34 2.9 24.6 Jul 31, 2023 J-GAAP
Apr - Jun, 2024 4,617 151 158 102 8.5 25.4 Jul 31, 2024 J-GAAP
Apr - Jun, 2025 9,058 1,423 1,439 993 83.0 59.5 Jul 31, 2025 J-GAAP
YoY +96.2% +842.4% +810.8% +873.5% +872.2%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 17,000 1,435 1,445 979 81.8 25 Apr 28, 2025 J-GAAP
Apr - Sep, 2025 New 18,000 2,400 2,420 1,655 138.3 25 Jul 31, 2025 J-GAAP
Revision Rate +5.9% +67.2% +67.5% +69.1% +69.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 34,500 3,100 3,200 2,197 183.6 50 Apr 28, 2025 J-GAAP
Mar, 2026 New 36,000 4,000 4,100 2,821 235.8 50 Jul 31, 2025 J-GAAP
Revision Rate +4.3% +29.0% +28.1% +28.4% +28.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 11,026 609 621 382 32.0 11 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance 18,000 2,400 2,420 1,655 138.3 25 Jul 31, 2025 J-GAAP
YoY +63.3% +294.1% +289.7% +333.2% +332.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 22,482 1,333 1,354 845 70.7 22 Apr 26, 2024 J-GAAP
Mar, 2025 29,159 2,713 2,733 1,958 163.7 50 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 36,000 4,000 4,100 2,821 235.8 50 Jul 31, 2025 J-GAAP
YoY +23.5% +47.4% +50.0% +44.1% +44.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 4,617 151 158 102 8.5 3.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 6,409 458 463 280 23.5 7.1 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 7,369 524 536 362 30.3 7.1 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 10,764 1,580 1,576 1,214 101.5 14.7 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 9,058 1,423 1,439 993 83.0 15.7 Jul 31, 2025 J-GAAP
YoY +96.2% +842.4% +810.8% +873.5% +872.2%

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