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KANDENKO, First Half Ordinary Profit Increases by 49%

Fri Oct 31, 2025 1:00 pm JST Earnings

1942 KANDENKO CO.,LTD. 【J-GAAP】

Earnings Report

KANDENKO CO.,LTD. <1942> [TSE Prime] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 38.9 billion yen, an increase 49.0% compared to the same period last year, exceeded the previous forecast of 32.0 billion yen.

Progress toward the full-year plan of 64.0 billion yen was 60.9%, also surpassing the five-year average of 43.0%.

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 decrease 24.9% from the same period last year to 25.0 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 37.1% from the same period last year, reaching 20.6 billion yen. The operating profit margin improved from 9.5% in the same period last year to 11.7%.

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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
Apr - Sep, 2023 261,821 15,745 16,652 11,103 54.3 39.0 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 286,740 25,427 26,144 17,263 84.5 43.9 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 340,638 37,900 38,949 26,405 129.2 60.9 Oct 31, 2025 J-GAAP
YoY +18.8% +49.1% +49.0% +53.0% +52.9%

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 333,000 31,500 32,000 21,800 106.7 45 Apr 28, 2025 J-GAAP
Apr - Sep, 2025 Results 340,638 37,900 38,949 26,405 129.2 45 Oct 31, 2025 J-GAAP
Revision Rate +2.3% +20.3% +21.7% +21.1% +21.1%

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 385,148 32,899 33,354 25,117 122.9 56 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 362,362 25,100 25,051 19,595 95.9 45 Oct 31, 2025 J-GAAP
YoY -5.9% -23.7% -24.9% -22.0% -22.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 598,427 40,934 42,648 27,345 133.8 41 Apr 26, 2024 J-GAAP
Mar, 2025 671,888 58,326 59,498 42,380 207.4 82 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 703,000 63,000 64,000 46,000 225.0 90 Apr 28, 2025 J-GAAP
YoY +4.6% +8.0% +7.6% +8.5% +8.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 157,876 15,074 15,091 9,881 48.4 9.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 168,752 16,505 17,198 14,633 71.6 9.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 216,396 16,394 16,156 10,484 51.3 7.6 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 165,567 17,476 18,261 12,653 61.9 10.6 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 175,071 20,424 20,688 13,752 67.3 11.7 Oct 31, 2025 J-GAAP
YoY +10.9% +35.5% +37.1% +39.2% +39.2%

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