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KITAGAWA IRON WORKS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%

Wed Nov 12, 2025 3:30 pm JST Earnings

6317 Kitagawa Corporation 【J-GAAP】

Earnings Report

Kitagawa Corporation <6317> [TSE Std] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 1.33 billion yen, an increase 81.3% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of an 18.3% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 11.1%, from the previous forecast of 1.80 billion yen to 2.00 billion yen (compared to 2.31 billion yen in the previous period), and the declining rate is expected to decrease from 22.2% to 13.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop 57.7% from the same period last year to 0.66 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 3.4 times that of the same period last year, reaching 0.78 billion yen. The operating profit margin significantly improved from 1.8% in the same period last year to 5.5%.

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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 30,129 802 1,307 1,157 125.4 54.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 28,443 402 734 370 40.1 31.7 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 29,083 1,373 1,331 2,355 254.9 66.6 Nov 12, 2025 J-GAAP
YoY +2.3% +241.5% +81.3% +536.5% +535.1%

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 29,500 500 600 1,900 205.3 35 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 29,083 1,373 1,331 2,355 254.9 35 Nov 12, 2025 J-GAAP
Revision Rate -1.4% +174.6% +121.8% +23.9% +24.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 58,300 1,700 1,800 2,400 259.4 78 May 13, 2025 J-GAAP
Mar, 2026 New 57,300 1,900 2,000 2,400 259.4 78 Nov 12, 2025 J-GAAP
Revision Rate -1.7% +11.8% +11.1% 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 28,837 1,470 1,581 876 94.9 25 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 28,217 527 669 45 4.9 43 Nov 12, 2025 J-GAAP
YoY -2.2% -64.1% -57.7% -94.9% -94.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 61,567 1,680 2,409 1,267 137.3 40 May 10, 2024 J-GAAP
Mar, 2025 57,280 1,872 2,315 1,246 135.0 50 May 13, 2025 J-GAAP
Mar, 2026 Guidance 57,300 1,900 2,000 2,400 259.4 78 Nov 12, 2025 J-GAAP
YoY +0.0% +1.5% -13.6% +92.6% +92.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 14,769 269 227 29 3.2 1.8 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 13,341 1,005 1,251 802 86.9 7.5 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 15,496 465 330 74 8.0 3.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 13,476 516 551 1,984 214.8 3.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 15,607 857 780 371 40.2 5.5 Nov 12, 2025 J-GAAP
YoY +5.7% +218.6% +243.6% +1,179.3% +1,174.6%

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