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KAYAC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 50%

Thu Nov 13, 2025 3:30 pm JST Earnings

3904 KAYAC Inc. 【J-GAAP】

Earnings Report

KAYAC Inc. <3904> [TSE Growth] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) surged 3.3 times that of the same period last year, reaching 619 million yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 50.0%, from the previous forecast of 500 million yen to 750 million yen (compared to 388 million yen in the previous period), increasing the growth rate from 28.9% to 93.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase 76.7%, from the previous forecast of 326 million yen to 576 million yen (compared to 267 million yen in the same period of the previous year), increasing the growth rate from 22.1% to 2.2 times.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged 6.7 times that of the same period last year, reaching 445 million yen. The operating profit margin significantly improved from 3.5% in the same period last year to 7.7%.

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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 12,594 736 827 489 30.7 79.7 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 11,969 201 187 12 0.8 48.2 Nov 14, 2024 J-GAAP
Jan - Sep, 2025 14,222 704 619 646 40.2 82.5 Nov 13, 2025 J-GAAP
YoY +18.8% +250.2% +231.0% +5,283.3% +4,983.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 10,176 409 326 48 3.0 3.90 Aug 14, 2025 J-GAAP
Jul - Dec, 2025 New 11,176 709 576 348 21.6 3.90 Nov 13, 2025 J-GAAP
Revision Rate +9.8% +73.3% +76.7% +625.0% +625.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 19,000 700 500 400 24.8 3.90 Aug 14, 2025 J-GAAP
Dec, 2025 New 20,000 1,000 750 700 43.5 3.90 Nov 13, 2025 J-GAAP
Revision Rate +5.3% +42.9% +50.0% +75.0% +75.0%

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 9,024 308 267 125 7.8 3.90 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 11,176 709 576 348 21.6 3.90 Nov 13, 2025 J-GAAP
YoY +23.8% +130.2% +115.7% +178.4% +178.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 17,467 1,021 1,038 511 32.0 3.90 Feb 15, 2024 J-GAAP
Dec, 2024 16,727 358 388 149 9.3 3.90 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 20,000 1,000 750 700 43.5 3.90 Nov 13, 2025 J-GAAP
YoY +19.6% +179.3% +93.3% +369.8% +369.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 4,266 151 66 -12 -0.8 3.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 4,758 157 201 137 8.5 3.3 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 4,667 249 188 413 25.6 5.3 May 15, 2025 J-GAAP
Apr - Jun, 2025 4,157 42 -14 -61 -3.8 1.0 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 5,398 413 445 294 18.3 7.7 Nov 13, 2025 J-GAAP
YoY +26.5% +173.5% +574.2% － －

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