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JVC KENWOOD, Net Income Forecast for the Fiscal Year Revised Upward by 11%

Fri Oct 31, 2025 3:45 pm JST Earnings

6632 JVCKENWOOD Corporation 【IFRS】

Earnings Report

JVC KENWOOD Corporation <6632> [TSE Prime] announced its financial results (based on IFRS) after the market closed on October 31st (15:45). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 32.4% from the same period last year to 7.50 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 10.7%, from the previous forecast of 14.0 billion yen to 15.5 billion yen (compared to 20.2 billion yen in the previous period), and the declining rate is expected to decrease from 31.0% to 23.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 12.9% from the same period last year to 8.00 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 4.05 billion yen, a 27.5% decrease compared to the same period last year. The operating profit margin worsened from 8.5% in the same period last year to 5.9%.

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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 174,704 9,807 9,740 6,750 43.0 53.4 Oct 31, 2023 IFRS
Apr - Sep, 2024 176,574 13,556 14,473 11,093 73.6 61.6 Oct 31, 2024 IFRS
Apr - Sep, 2025 169,321 9,633 10,292 7,500 51.0 49.0 Oct 31, 2025 IFRS
YoY -4.1% -28.9% -28.9% -32.4% -30.7%

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 ー ー ー ー － 6 May 1, 2025 IFRS
Apr - Sep, 2025 Results 169,321 9,633 10,292 7,500 51.0 6 Oct 31, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 358,000 19,000 19,500 14,000 97.4 18 May 1, 2025 IFRS
Mar, 2026 New 360,000 20,500 21,000 15,500 107.8 18 Oct 31, 2025 IFRS
Revision Rate +0.6% +7.9% +7.7% +10.7% +10.7%

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 193,734 8,236 9,017 9,183 61.2 10 May 1, 2025 IFRS
Oct - Mar, 2025 Guidance 190,679 10,867 10,708 8,000 55.6 12 Oct 31, 2025 IFRS
YoY -1.6% +31.9% +18.8% -12.9% -9.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 359,459 18,226 18,245 13,016 84.3 12 Apr 26, 2024 IFRS
Mar, 2025 370,308 21,792 23,490 20,276 135.2 15 May 1, 2025 IFRS
Mar, 2026 Guidance 360,000 20,500 21,000 15,500 107.8 18 Oct 31, 2025 IFRS
YoY -2.8% -5.9% -10.6% -23.6% -20.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 88,805 7,534 7,523 5,590 37.1 8.5 Oct 31, 2024 IFRS
Oct - Dec, 2024 93,900 3,227 3,803 2,977 19.8 3.4 Feb 3, 2025 IFRS
Jan - Mar, 2025 99,834 5,009 5,214 6,206 41.4 5.0 May 1, 2025 IFRS
Apr - Jun, 2025 80,197 4,356 4,891 3,446 23.4 5.4 Aug 1, 2025 IFRS
Jul - Sep, 2025 89,124 5,277 5,401 4,054 27.6 5.9 Oct 31, 2025 IFRS
YoY +0.4% -30.0% -28.2% -27.5% -25.7%

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