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CKD, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 13%, Dividend Revised down by 13 Yen

Fri Nov 14, 2025 4:20 pm JST Earnings

6407 CKD Corporation 【J-GAAP】

Earnings Report

CKD Corporation <6407> [TSE Prime] announced its financial results after the market closed on November 14th (16:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 14.3% from the same period last year to 7.90 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 12.6%, from the previous forecast of 19.0 billion yen to 16.6 billion yen (compared to 19.1 billion yen in the previous period), leading to an increase in the profit decline rate from 0.9% to 13.4%.

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 decrease 12.5% from the same period last year to 8.70 billion yen.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 80 yen to 67 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.19 billion yen, a 10.3% decrease compared to the same period last year. The operating profit margin decreased from 12.7% in the same period last year to 11.3%.

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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 66,519 6,062 6,073 3,961 59.4 46.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 75,761 9,164 9,223 6,340 95.0 48.1 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 72,648 7,867 7,900 5,376 80.5 47.6 Nov 14, 2025 J-GAAP
YoY -4.1% -14.2% -14.3% -15.2% -15.2%

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 ー ー ー ー － － May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 72,648 7,867 7,900 5,376 80.5 32 Nov 14, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 156,000 19,000 19,000 13,100 196.1 80 May 13, 2025 J-GAAP
Mar, 2026 New 151,000 16,600 16,600 11,200 167.6 67 Nov 14, 2025 J-GAAP
Revision Rate -3.2% -12.6% -12.6% -14.5% -14.5%

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 79,873 9,854 9,944 7,180 107.5 42 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 78,352 8,733 8,700 5,824 87.2 35 Nov 14, 2025 J-GAAP
YoY -1.9% -11.4% -12.5% -18.9% -18.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 134,425 13,113 13,048 8,338 124.9 50 May 10, 2024 J-GAAP
Mar, 2025 155,634 19,018 19,167 13,520 202.5 80 May 13, 2025 J-GAAP
Mar, 2026 Guidance 151,000 16,600 16,600 11,200 167.6 67 Nov 14, 2025 J-GAAP
YoY -3.0% -12.7% -13.4% -17.2% -17.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 37,683 4,799 4,679 3,278 49.1 12.7 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 39,321 4,614 4,836 3,135 47.0 11.7 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 40,552 5,240 5,108 4,045 60.6 12.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 36,253 3,772 3,704 2,477 37.1 10.4 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 36,395 4,095 4,196 2,899 43.4 11.3 Nov 14, 2025 J-GAAP
YoY -3.4% -14.7% -10.3% -11.6% -11.6%

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