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Kyodo Printing, Jul-Sep (2Q) Ordinary Profit Decreases by 46%
7914 Kyodo Printing Co., Ltd. 【J-GAAP】
Earnings ReportKyodo Printing Co., Ltd. <7914> [TSE Prime] announced its financial results in the afternoon session on November 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 9.3% from the same period last year, reaching 1.00 billion yen. Progress toward the full-year plan of 3.25 billion yen was 30.9%, exceeding the five-year average of 22.7%.
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 22.9% from the same period last year, reaching 2.24 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 0.22 billion yen, a 46.4% decrease compared to the same period last year. The operating profit margin worsened from 1.8% in the same period last year to 0.6%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 45,741 | 348 | 694 | 335 | 11.0 | 33.3 | Nov 8, 2023 | J-GAAP |
| Apr - Sep, 2024 | 48,183 | 623 | 918 | 870 | 29.9 | 33.4 | Nov 8, 2024 | J-GAAP |
| Apr - Sep, 2025 | 47,601 | 612 | 1,003 | 1,351 | 48.0 | 30.9 | Nov 10, 2025 | J-GAAP |
| YoY | -1.2% | -1.8% | +9.3% | +55.3% | +60.6% |
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 | 49,500 | 700 | 1,000 | 1,100 | 39.0 | 38 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 47,601 | 612 | 1,003 | 1,351 | 48.0 | 38 | Nov 10, 2025 | J-GAAP |
| Revision Rate | -3.8% | -12.6% | +0.3% | +22.8% | +22.9% |
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 | 51,794 | 1,708 | 1,828 | 2,440 | 84.8 | 21.25 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 55,899 | 2,188 | 2,247 | 2,499 | 88.6 | 38 | Nov 10, 2025 | J-GAAP |
| YoY | +7.9% | +28.1% | +22.9% | +2.4% | +4.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 96,992 | 1,577 | 2,083 | 1,495 | 49.8 | 25 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 99,977 | 2,331 | 2,746 | 3,310 | 115.0 | 35 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 103,500 | 2,800 | 3,250 | 3,850 | 136.5 | 76 | May 15, 2025 | J-GAAP |
| YoY | +3.5% | +20.1% | +18.4% | +16.3% | +18.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 24,410 | 441 | 418 | 795 | 27.3 | 1.8 | Nov 8, 2024 | J-GAAP |
| Oct - Dec, 2024 | 26,940 | 1,101 | 1,241 | 1,522 | 52.5 | 4.1 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 24,854 | 607 | 587 | 918 | 31.9 | 2.4 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 23,872 | 463 | 779 | 809 | 28.8 | 1.9 | Aug 7, 2025 | J-GAAP |
| Jul - Sep, 2025 | 23,729 | 149 | 224 | 542 | 19.2 | 0.6 | Nov 10, 2025 | J-GAAP |
| YoY | -2.8% | -66.2% | -46.4% | -31.8% | -29.5% |
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