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Komehyo Holdings, First Half Ordinary Profit Decreases by 57%, Jul-Sep Ordinary Profit Decreases by 23%

Thu Nov 13, 2025 3:40 pm JST Earnings

2780 Komehyo Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Komehyo Holdings Co.,Ltd. <2780> [TSE Std] announced its financial results after the market closed on November 13th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 56.5% from the same period last year to 1.33 billion yen. Progress toward the full-year plan of 6.73 billion yen was 19.8%, also falling below the five-year average of 39.0%.

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 expand 81.2% from the same period last year, reaching 5.39 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.68 billion yen, a 22.7% decrease compared to the same period last year. The operating profit margin worsened from 2.8% in the same period last year to 1.8%.

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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 52,764 3,210 3,271 2,137 195.1 43.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 69,447 3,126 3,069 1,961 179.0 50.8 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 95,646 1,759 1,335 677 61.8 19.8 Nov 13, 2025 J-GAAP
YoY +37.7% -43.7% -56.5% -65.5% -65.5%

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 95,646 1,759 1,335 677 61.6 53 Nov 7, 2025 J-GAAP
Apr - Sep, 2025 Results 95,646 1,759 1,335 677 61.8 53 Nov 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.2%

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 89,547 3,050 2,977 2,816 257.0 52 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 105,954 5,711 5,395 3,303 300.5 53 Nov 7, 2025 J-GAAP
YoY +18.3% +87.2% +81.2% +17.3% +17.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 119,459 7,452 7,479 5,025 458.7 88 May 13, 2024 J-GAAP
Mar, 2025 158,994 6,176 6,046 4,777 435.9 104 May 14, 2025 J-GAAP
Mar, 2026 Guidance 201,600 7,470 6,730 3,980 362.1 106 Nov 7, 2025 J-GAAP
YoY +26.8% +21.0% +11.3% -16.7% -16.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 35,948 989 883 549 50.1 2.8 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 42,368 1,960 1,907 1,819 166.0 4.6 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 47,179 1,090 1,070 997 91.0 2.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 46,120 883 652 353 32.2 1.9 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 49,526 876 683 324 29.6 1.8 Nov 13, 2025 J-GAAP
YoY +37.8% -11.4% -22.7% -41.0% -41.0%

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