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Kao, Jan-Sep (Cumulative 3Q) Net Income Increases by 19%, Jul-Sep Net Income Increases by 27%

Thu Nov 6, 2025 3:30 pm JST Earnings

4452 Kao Corporation 【IFRS】

Earnings Report

Kao Corporation <4452> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 6th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) increased 19.3% from the same period last year, reaching 84.7 billion yen. However, Progress toward the full-year plan of 121 billion yen was 70.0%, almost the same as the five-year average of 70.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to decrease 1.2% from the same period last year to 36.2 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income grew 27.1% from the same period last year, reaching 35.0 billion yen. The operating profit margin remained almost flat, changing from 10.7% in the same period last year to 10.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 1,125,883 50,705 54,582 32,542 70.0 85.5 Nov 8, 2023 IFRS
Jan - Sep, 2024 1,190,011 101,055 104,016 71,027 152.9 68.9 Nov 7, 2024 IFRS
Jan - Sep, 2025 1,232,034 114,867 119,412 84,719 182.6 71.1 Nov 6, 2025 IFRS
YoY +3.5% +13.7% +14.8% +19.3% +19.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 840,461 88,705 86,616 64,354 138.5 76 Feb 6, 2025 IFRS
Jul - Dec, 2025 Guidance 880,978 95,531 96,234 71,369 157.8 77 Aug 6, 2025 IFRS
YoY +4.8% +7.7% +11.1% +10.9% +13.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,532,579 60,035 63,842 43,870 94.4 150 Feb 7, 2024 IFRS
Dec, 2024 1,628,448 146,644 151,024 107,767 231.9 152 Feb 6, 2025 IFRS
Dec, 2025 Guidance 1,690,000 165,000 168,000 121,000 267.5 154 Aug 6, 2025 IFRS
YoY +3.8% +12.5% +11.2% +12.3% +15.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 402,024 43,116 39,608 27,614 59.4 10.7 Nov 7, 2024 IFRS
Oct - Dec, 2024 438,437 45,589 47,008 36,740 79.1 10.4 Feb 6, 2025 IFRS
Jan - Mar, 2025 389,857 31,184 31,574 22,850 49.2 8.0 May 8, 2025 IFRS
Apr - Jun, 2025 419,165 38,285 40,192 26,781 57.7 9.1 Aug 6, 2025 IFRS
Jul - Sep, 2025 423,012 45,398 47,646 35,088 75.6 10.7 Nov 6, 2025 IFRS
YoY +5.2% +5.3% +20.3% +27.1% +27.3%

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