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KAYAC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%

Thu Aug 14, 2025 3:30 pm JST Earnings

3904 KAYAC Inc. 【J-GAAP】

Earnings Report

KAYAC Inc. <3904> [TSE Growth] announced its financial results after the market closed on August 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded 174 million yen, an increase 43.8% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 11.1%, from the previous forecast of 450 million yen to 500 million yen (compared to 388 million yen in the previous period), increasing the growth rate from 16.0% to 28.9%.

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 22.1% from the same period last year, reaching 326 million yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary loss improved to a deficit of 14 million yen (compared to a loss of 101 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.0% in the same period last year to 1.0%.

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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 8,113 403 514 313 19.6 49.5 Aug 14, 2023 J-GAAP
Jan - Jun, 2024 7,703 50 121 24 1.5 31.2 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 8,824 291 174 352 21.9 34.8 Aug 14, 2025 J-GAAP
YoY +14.6% +482.0% +43.8% +1,366.7% +1,367.1%

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 ー ー ー ー － 0 Feb 13, 2025 J-GAAP
Jan - Jun, 2025 Results 8,824 291 174 352 21.9 0 Aug 14, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 18,500 555 450 250 15.5 3.90 Feb 13, 2025 J-GAAP
Dec, 2025 New 19,000 700 500 400 24.8 3.90 Aug 14, 2025 J-GAAP
Revision Rate +2.7% +26.1% +11.1% +60.0% +60.0%

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 9,024 308 267 125 7.8 3.90 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 10,176 409 326 48 3.0 3.90 Aug 14, 2025 J-GAAP
YoY +12.8% +32.8% +22.1% -61.6% -61.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 17,467 1,021 1,038 511 32.0 3.90 Feb 15, 2024 J-GAAP
Dec, 2024 16,727 358 388 149 9.3 3.90 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 19,000 700 500 400 24.8 3.90 Aug 14, 2025 J-GAAP
YoY +13.6% +95.5% +28.9% +168.5% +168.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 3,793 -112 -101 -115 -7.1 -3.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 4,266 151 66 -12 -0.8 3.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 4,758 157 201 137 8.5 3.3 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 4,667 249 188 413 25.6 5.3 May 15, 2025 J-GAAP
Apr - Jun, 2025 4,157 42 -14 -61 -3.8 1.0 Aug 14, 2025 J-GAAP
YoY +9.6% － +86.1% +47.0% +46.9%

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