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Kotobuki Spirits, First Half Ordinary Profit Revised Downward to an Unexpected 0.04％Decrease

Tue Nov 4, 2025 3:30 pm JST Earnings

2222 Kotobuki Spirits Co.,Ltd. 【J-GAAP】

Earnings Report

Kotobuki Spirits Co.,Ltd. <2222> [TSE Prime] announced its financial results after the market closed on November 4th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 7.51 billion yen, a 0.04% decrease compared to the same period last year, resulting in a decrease in profits compared to the previous forecast of a 10.4% increase.

Progress toward the full-year plan of 19.7 billion yen was 38.1%, almost the same as the five-year average of 38.1%.

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 grow 20.0% from the same period last year, reaching 12.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 4.04 billion yen, a 0.7% decrease compared to the same period last year. The operating profit margin decreased from 23.3% in the same period last year to 21.3%.

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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 28,891 6,622 6,668 4,453 28.6 42.0 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 32,906 7,476 7,520 4,990 32.1 42.5 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 35,787 7,441 7,517 5,016 32.5 38.1 Nov 4, 2025 J-GAAP
YoY +8.8% -0.5% 0.0% +0.5% +1.3%

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 35,950 8,270 8,305 5,520 35.7 0 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 35,787 7,441 7,517 5,016 32.5 0 Nov 4, 2025 J-GAAP
Revision Rate -0.5% -10.0% -9.5% -9.1% -9.1%

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 39,443 10,134 10,166 7,132 45.9 32 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 43,883 12,209 12,203 8,384 54.3 35 Nov 4, 2025 J-GAAP
YoY +11.3% +20.5% +20.0% +17.6% +18.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 64,035 15,780 15,867 10,831 69.6 28 May 14, 2024 J-GAAP
Mar, 2025 72,349 17,610 17,686 12,122 78.0 32 May 13, 2025 J-GAAP
Mar, 2026 Guidance 79,670 19,650 19,720 13,400 86.8 35 May 13, 2025 J-GAAP
YoY +10.1% +11.6% +11.5% +10.5% +11.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 17,380 4,048 4,073 2,725 17.5 23.3 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 20,901 6,069 6,086 4,034 25.9 29.0 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 18,542 4,065 4,080 3,098 19.9 21.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 16,976 3,439 3,472 2,303 14.9 20.3 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 18,811 4,002 4,045 2,713 17.6 21.3 Nov 4, 2025 J-GAAP
YoY +8.2% -1.1% -0.7% -0.4% +0.3%

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