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KURARAY, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 15% Decrease

Fri Aug 8, 2025 11:00 am JST Earnings

3405 KURARAY CO.,LTD. 【J-GAAP】

Earnings Report

KURARAY CO.,LTD. <3405> [TSE Prime] announced its financial results in the morning on August 8th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) significantly dropped 51.7% from the same period last year to 21.2 billion yen, fell short of the previous forecast of 36.0 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 18.8%, from the previous forecast of 85.0 billion yen to 69.0 billion yen (compared to 81.4 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 15.3% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to grow 27.4% from the same period last year, reaching 47.7 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit significantly dropped to 3.45 billion yen, a 78.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.6% in the same period last year to 3.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 380,998 40,970 38,538 21,842 65.3 55.8 Aug 9, 2023 J-GAAP
Jan - Jun, 2024 411,217 45,464 44,022 30,446 91.2 54.0 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 399,958 26,261 21,284 14,039 43.5 30.8 Aug 8, 2025 J-GAAP
YoY -2.7% -42.2% -51.7% -53.9% -52.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 420,000 38,000 36,000 22,000 68.4 27 Feb 12, 2025 J-GAAP
Jan - Jun, 2025 Results 399,958 26,261 21,284 14,039 43.5 27 Aug 8, 2025 J-GAAP
Revision Rate -4.8% -30.9% -40.9% -36.2% -36.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 860,000 90,000 85,000 45,000 146.6 54 Feb 12, 2025 J-GAAP
Dec, 2025 New 840,000 75,000 69,000 33,000 107.5 54 Aug 8, 2025 J-GAAP
Revision Rate -2.3% -16.7% -18.8% -26.7% -26.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 415,678 39,617 37,458 1,278 3.9 27 Feb 12, 2025 J-GAAP
Jul - Dec, 2025 Guidance 440,042 48,739 47,716 18,961 61.8 27 Aug 8, 2025 J-GAAP
YoY +5.9% +23.0% +27.4% +1,383.6% +1,491.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 780,938 75,475 69,025 42,446 126.8 50 Feb 8, 2024 J-GAAP
Dec, 2024 826,895 85,081 81,480 31,724 96.3 54 Feb 12, 2025 J-GAAP
Dec, 2025 Guidance 840,000 75,000 69,000 33,000 107.5 54 Aug 8, 2025 J-GAAP
YoY +1.6% -11.8% -15.3% +4.0% +11.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 219,034 16,671 16,161 8,832 26.5 7.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 203,617 28,459 26,319 16,188 48.9 14.0 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 212,061 11,158 11,139 -14,910 -45.3 5.3 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 194,804 18,650 17,826 12,007 37.1 9.6 May 14, 2025 J-GAAP
Apr - Jun, 2025 205,154 7,611 3,458 2,032 6.3 3.7 Aug 8, 2025 J-GAAP
YoY -6.3% -54.3% -78.6% -77.0% -76.2%

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