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KITAKEI, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 16% Decrease

Thu Oct 2, 2025 4:00 pm JST Earnings

9872 KITAKEI CO.,LTD 【J-GAAP】

Earnings Report

KITAKEI CO.,LTD <9872> [TSE Std] announced its financial results after the market closed on October 2nd (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending November 2025 (December 2024 to August 2025) decreased 19.9% from the same period last year to 0.65 billion yen.

In addition, the full-year forecast for ordinary profit has decreased 16.4%, from the previous forecast of 1.10 billion yen to 0.92 billion yen (compared to 1.09 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 16.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the June to November period (second half) has decreased 31.3%, from the previous forecast of 0.57 billion yen to 0.39 billion yen (compared to 0.50 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 21.0% decrease in profit.

In the most recent three-month period, from June to August (3Q), the ordinary profit dropped to 0.12 billion yen, a 41.9% decrease compared to the same period last year. The operating profit margin worsened from 1.2% in the same period last year to 0.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Dec - Aug, 2022 45,967 692 844 589 63.6 72.0 Oct 2, 2023 J-GAAP
Dec - Aug, 2023 44,834 678 811 508 54.8 74.0 Oct 3, 2024 J-GAAP
Dec - Aug, 2024 44,132 500 650 395 42.6 70.7 Oct 2, 2025 J-GAAP
YoY -1.6% -26.3% -19.9% -22.2% -22.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Prev 31,084 487 575 395 42.6 28 Jul 2, 2025 J-GAAP
Jun - Nov, 2025 New 29,584 267 395 225 24.2 28 Oct 2, 2025 J-GAAP
Revision Rate -4.8% -45.2% -31.3% -43.0% -43.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Prev 61,500 920 1,100 720 77.6 28 Dec 27, 2024 J-GAAP
Nov, 2025 New 60,000 700 920 550 59.3 28 Oct 2, 2025 J-GAAP
Revision Rate -2.4% -23.9% -16.4% -23.6% -23.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 31,245 418 500 343 37.0 28 Dec 27, 2024 J-GAAP
Jun - Nov, 2025 Guidance 29,584 267 395 225 24.2 28 Oct 2, 2025 J-GAAP
YoY -5.3% -36.1% -21.0% -34.4% -34.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 62,368 974 1,172 812 87.6 36.50 Dec 28, 2023 J-GAAP
Nov, 2024 61,286 920 1,096 718 77.5 28 Dec 27, 2024 J-GAAP
Nov, 2025 Guidance 60,000 700 920 550 59.3 28 Oct 2, 2025 J-GAAP
YoY -2.1% -23.9% -16.1% -23.4% -23.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 14,793 176 215 133 14.4 1.2 Oct 3, 2024 J-GAAP
Sep - Nov, 2024 16,452 242 285 210 22.7 1.5 Dec 27, 2024 J-GAAP
Dec - Feb, 2024 15,701 253 303 190 20.5 1.6 Apr 3, 2025 J-GAAP
Mar - May, 2025 14,715 180 222 135 14.6 1.2 Jul 2, 2025 J-GAAP
Jun - Aug, 2025 13,716 67 125 70 7.6 0.5 Oct 2, 2025 J-GAAP
YoY -7.3% -61.9% -41.9% -47.4% -47.4%

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