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KITAZAWA SANGYO, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 42%

Fri Nov 14, 2025 4:00 pm JST Earnings

9930 KITAZAWA SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

KITAZAWA SANGYO CO.,LTD. <9930> [TSE Std] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 44.7% from the same period last year to 213 million yen, fell short of the previous forecast of 360 million yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 41.7%, from the previous forecast of 840 million yen to 490 million yen (compared to 908 million yen in the previous period), leading to an increase in the profit decline rate from 7.5% to 46.0%.

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 drop 47.0% from the same period last year to 277 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 202 million yen, an 11.8% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 4.2%.

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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 8,048 421 472 295 15.9 44.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 7,526 343 385 249 13.4 42.4 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 6,980 141 213 112 6.1 43.5 Nov 14, 2025 J-GAAP
YoY -7.3% -58.9% -44.7% -55.0% -54.8%

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 7,700 310 360 210 11.3 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 6,980 141 213 112 6.1 0 Nov 14, 2025 J-GAAP
Revision Rate -9.4% -54.5% -40.8% -46.7% -46.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 16,000 760 840 540 29.1 10 May 15, 2025 J-GAAP
Mar, 2026 New 14,780 400 490 285 15.3 10 Nov 14, 2025 J-GAAP
Revision Rate -7.6% -47.4% -41.7% -47.2% -47.2%

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 8,035 498 523 399 21.5 10 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 7,800 259 277 173 9.3 10 Nov 14, 2025 J-GAAP
YoY -2.9% -48.0% -47.0% -56.6% -56.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 16,471 994 1,070 665 35.8 8 May 10, 2024 J-GAAP
Mar, 2025 15,561 841 908 648 34.9 10 May 15, 2025 J-GAAP
Mar, 2026 Guidance 14,780 400 490 285 15.3 10 Nov 14, 2025 J-GAAP
YoY -5.0% -52.4% -46.0% -56.0% -56.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 3,887 215 229 145 7.8 5.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 3,410 176 194 156 8.4 5.2 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 4,625 322 329 243 13.1 7.0 May 15, 2025 J-GAAP
Apr - Jun, 2025 3,116 -21 11 -66 -3.6 -0.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 3,864 162 202 178 9.7 4.2 Nov 14, 2025 J-GAAP
YoY -0.6% -24.7% -11.8% +22.8% +23.2%

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