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Kurita Water Industries, First Half Net Income Increases by 15%

Fri Nov 7, 2025 3:30 pm JST Earnings

6370 Kurita Water Industries Ltd. 【IFRS】

Earnings Report

Kurita Water Industries Ltd. <6370> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 7th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 15.0% from the same period last year, reaching 17.1 billion yen. However, Progress toward the full-year plan of 36.3 billion yen was 47.3%, also falling below the five-year average of 52.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge 3.6 times that of the same period last year, reaching 19.1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew 25.0% from the same period last year, reaching 11.5 billion yen. The operating profit margin rose from 12.7% in the same period last year to 15.1%.

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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 188,363 18,287 18,183 12,595 112.1 43.6 Nov 7, 2023 IFRS
Apr - Sep, 2024 195,530 21,491 21,404 14,932 132.8 67.3 Nov 7, 2024 IFRS
Apr - Sep, 2025 198,296 24,900 24,564 17,174 155.9 46.8 Nov 7, 2025 IFRS
YoY +1.4% +15.9% +14.8% +15.0% +17.4%

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 202,000 23,800 23,300 15,800 144.5 56 May 8, 2025 IFRS
Apr - Sep, 2025 Results 198,296 24,900 24,564 17,174 155.9 56 Nov 7, 2025 IFRS
Revision Rate -1.8% +4.6% +5.4% +8.7% +7.9%

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 213,358 9,784 10,417 5,373 47.8 46 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 226,704 28,600 27,936 19,126 174.8 56 Nov 7, 2025 IFRS
YoY +6.3% +192.3% +168.2% +256.0% +265.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 384,825 41,232 41,686 29,189 259.7 84 May 9, 2024 IFRS
Mar, 2025 408,888 31,275 31,821 20,305 180.7 92 May 8, 2025 IFRS
Mar, 2026 Guidance 425,000 53,500 52,500 36,300 331.7 112 May 8, 2025 IFRS
YoY +3.9% +71.1% +65.0% +78.8% +83.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 101,550 12,853 12,666 9,231 82.1 12.7 Nov 7, 2024 IFRS
Oct - Dec, 2024 105,312 13,218 13,300 9,303 82.7 12.6 Feb 6, 2025 IFRS
Jan - Mar, 2025 108,046 -3,434 -2,883 -3,930 -35.0 -3.2 May 8, 2025 IFRS
Apr - Jun, 2025 91,926 8,803 8,638 5,639 50.8 9.6 Aug 6, 2025 IFRS
Jul - Sep, 2025 106,370 16,097 15,926 11,535 104.7 15.1 Nov 7, 2025 IFRS
YoY +4.7% +25.2% +25.7% +25.0% +27.5%

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