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Kodensha, First Half Ordinary Profit Unexpectedly Revised Upward by 20%

Fri Oct 31, 2025 2:30 pm JST Earnings

1948 The Kodensha,Co.,Ltd. 【J-GAAP】

Earnings Report

The Kodensha,Co.,Ltd. <1948> [TSE Std] announced its financial results in the afternoon session on October 31st (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 20.3% from the same period last year, reaching 1.04 billion yen, resulting in an increase in profits compared to the previous forecast of a 10.4% decrease.

Progress toward the full-year plan of 3.20 billion yen was 32.8%, exceeding the five-year average of 20.0%.

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 6.4% from the same period last year to 2.15 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 33.5% from the same period last year, reaching 0.93 billion yen. The operating profit margin improved from 7.3% in the same period last year to 8.1%.

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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 15,562 57 123 88 10.0 9.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 17,304 855 871 501 56.6 27.5 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 19,951 1,001 1,048 675 77.4 32.8 Oct 31, 2025 J-GAAP
YoY +15.3% +17.1% +20.3% +34.7% +36.6%

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 19,000 720 780 500 57.3 45 Sep 11, 2025 J-GAAP
Apr - Sep, 2025 Results 19,951 1,001 1,048 675 77.4 45 Oct 31, 2025 J-GAAP
Revision Rate +5.0% +39.0% +34.4% +35.0% +35.2%

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 21,960 2,226 2,298 2,236 253.0 51 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 22,049 2,099 2,152 1,375 157.4 45 Oct 31, 2025 J-GAAP
YoY +0.4% -5.7% -6.4% -38.5% -37.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 34,868 1,156 1,292 899 101.5 54 May 9, 2024 J-GAAP
Mar, 2025 39,264 3,081 3,169 2,737 309.7 84 May 9, 2025 J-GAAP
Mar, 2026 Guidance 42,000 3,100 3,200 2,050 234.7 90 Sep 11, 2025 J-GAAP
YoY +7.0% +0.6% +1.0% -25.1% -24.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 9,642 702 701 457 51.7 7.3 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 9,879 804 836 726 82.1 8.1 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 12,081 1,422 1,462 1,510 170.8 11.8 May 9, 2025 J-GAAP
Apr - Jun, 2025 8,559 78 112 42 4.9 0.9 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 11,392 923 936 633 72.6 8.1 Oct 31, 2025 J-GAAP
YoY +18.1% +31.5% +33.5% +38.5% +40.4%

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