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KAWANISHI WAREHOUSE, Jul-Sep (2Q) Ordinary Profit Increases by 2%, Current Fiscal Year Dividend Revised Upward by 100 Yen

Wed Nov 12, 2025 2:00 pm JST Earnings

9322 KAWANISHI WAREHOUSE CO.,LTD. 【J-GAAP】

Earnings Report

KAWANISHI WAREHOUSE CO.,LTD. <9322> [TSE Std] announced its financial results in the afternoon session on November 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 3.2% from the same period last year to 0.57 billion yen. Progress toward the full-year plan of 1.20 billion yen was 47.8%, also falling below the five-year average of 58.6%.

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 6.8% from the same period last year, reaching 0.62 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 30 yen to 130 yen (compared to 28 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 0.26 billion yen, an increase of 2.3% compared to the same period last year. The operating profit margin improved from 3.9% in the same period last year to 4.7%.

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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 12,612 715 752 473 61.9 61.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 12,731 543 592 352 46.2 50.2 Nov 11, 2024 J-GAAP
Apr - Sep, 2025 13,147 590 573 344 45.0 47.8 Nov 12, 2025 J-GAAP
YoY +3.3% +8.7% -3.2% -2.3% -2.6%

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 12,750 520 560 360 47.1 15 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 13,147 590 573 344 45.0 15 Nov 12, 2025 J-GAAP
Revision Rate +3.1% +13.5% +2.3% -4.4% -4.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 27,300 1,120 1,200 760 98.9 30 May 13, 2025 J-GAAP
Mar, 2026 New 27,300 1,120 1,200 760 98.9 130 Nov 12, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 12,811 484 587 394 51.6 14 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 14,153 530 627 416 54.1 115 Nov 12, 2025 J-GAAP
YoY +10.5% +9.5% +6.8% +5.6% +5.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 24,993 1,159 1,233 796 104.2 23 May 10, 2024 J-GAAP
Mar, 2025 25,542 1,027 1,179 746 97.6 28 May 13, 2025 J-GAAP
Mar, 2026 Guidance 27,300 1,120 1,200 760 98.9 130 Nov 12, 2025 J-GAAP
YoY +6.9% +9.1% +1.8% +1.9% +1.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 6,430 250 263 184 24.1 3.9 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 6,653 332 354 230 30.1 5.0 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 6,158 152 233 164 21.5 2.5 May 13, 2025 J-GAAP
Apr - Jun, 2025 6,598 285 304 179 23.4 4.3 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 6,549 305 269 165 21.6 4.7 Nov 12, 2025 J-GAAP
YoY +1.9% +22.0% +2.3% -10.3% -10.7%

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