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KVK, First Half Ordinary Profit Unexpectedly Revised Upward by 23%

Mon Oct 27, 2025 11:30 am JST Earnings

6484 KVK CORPORATION 【J-GAAP】

Earnings Report

KVK CORPORATION <6484> [TSE Std] announced its financial results at noon (11:30) on October 27th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 23.3% from the same period last year, reaching 1.73 billion yen, resulting in an increase in profits compared to the previous forecast of a 3.9% decrease.

Progress toward the full-year plan of 2.80 billion yen was 61.9%, also surpassing the five-year average of 47.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 36.0% from the same period last year to 1.06 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 16.7% from the same period last year, reaching 0.93 billion yen. The operating profit margin remained almost flat, changing from 8.5% in the same period last year to 8.6%.

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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
Apr - Sep, 2023 14,643 1,102 1,125 708 89.1 39.3 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 14,224 1,183 1,405 944 118.3 45.7 Oct 28, 2024 J-GAAP
Apr - Sep, 2025 15,114 1,378 1,733 1,190 148.6 61.9 Oct 27, 2025 J-GAAP
YoY +6.3% +16.5% +23.3% +26.1% +25.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 15,000 1,300 1,350 900 112.4 40 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 15,114 1,378 1,733 1,190 148.6 40 Oct 27, 2025 J-GAAP
Revision Rate +0.8% +6.0% +28.4% +32.2% +32.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 15,424 1,477 1,667 1,166 145.9 40 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 15,386 1,322 1,067 710 88.4 40 Oct 27, 2025 J-GAAP
YoY -0.2% -10.5% -36.0% -39.1% -39.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 29,799 2,530 2,866 1,980 248.8 60 May 13, 2024 J-GAAP
Mar, 2025 29,648 2,660 3,072 2,110 264.0 75 May 12, 2025 J-GAAP
Mar, 2026 Guidance 30,500 2,700 2,800 1,900 236.7 80 May 12, 2025 J-GAAP
YoY +2.9% +1.5% -8.9% -10.0% -10.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 6,992 593 803 536 67.2 8.5 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 7,755 652 707 500 62.6 8.4 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 7,669 825 960 666 83.3 10.8 May 12, 2025 J-GAAP
Apr - Jun, 2025 7,762 746 796 537 67.1 9.6 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 7,352 632 937 653 81.5 8.6 Oct 27, 2025 J-GAAP
YoY +5.1% +6.6% +16.7% +21.8% +21.4%

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