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KUSURI NO AOKI, First Half Ordinary Profit Unexpectedly Revised Upward by 5%, Current Fiscal Year Dividend Revised Upward by 40 Yen

Thu Dec 25, 2025 3:30 pm JST Earnings

3549 KUSURI NO AOKI HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

KUSURI NO AOKI HOLDINGS CO., LTD. <3549> [TSE Prime] announced its financial results after the market closed on December 25th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) increased 5.4% from the same period last year, reaching 13.6 billion yen, resulting in an increase in profits compared to the previous forecast of a 13.5% decrease.

Progress toward the full-year plan of 22.7 billion yen was 59.9%, also surpassing the five-year average of 47.2%.

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 December to May period (second half) is expected to drop 37.7% from the same period last year to 9.09 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 16 yen to 56 yen (compared to 14 yen in the previous period).

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit grew 14.7% from the same period last year, reaching 6.32 billion yen. The operating profit margin remained almost flat, changing from 4.3% in the same period last year to 4.4%.

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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
Jun - Nov, 2023 215,622 6,820 6,983 3,422 36.2 34.7 Dec 28, 2023 J-GAAP
Jun - Nov, 2024 242,826 12,651 12,911 8,622 86.4 46.9 Dec 26, 2024 J-GAAP
Jun - Nov, 2025 279,808 13,494 13,607 9,639 97.7 59.9 Dec 25, 2025 J-GAAP
YoY +15.2% +6.7% +5.4% +11.8% +13.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance 272,000 11,300 11,170 8,000 84.0 8 Jul 3, 2025 J-GAAP
Jun - Nov, 2025 Results 279,808 13,494 13,607 9,639 97.7 8 Dec 25, 2025 J-GAAP
Revision Rate +2.9% +19.4% +21.8% +20.5% +16.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2026 Prev 560,000 23,000 22,700 15,500 163.0 16 Jul 3, 2025 J-GAAP
May, 2026 New 560,000 23,000 22,700 15,500 163.0 56 Dec 25, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 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
Dec - May, 2024 258,644 13,950 14,602 9,164 90.4 7 Jul 3, 2025 J-GAAP
Dec - May, 2025 Guidance 280,192 9,506 9,093 5,861 61.6 48 Dec 25, 2025 J-GAAP
YoY +8.3% -31.9% -37.7% -36.0% -31.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 436,875 18,569 20,101 12,307 130.1 10.83 Jul 4, 2024 J-GAAP
May, 2025 501,470 26,601 27,513 17,786 175.4 14 Jul 3, 2025 J-GAAP
May, 2026 Guidance 560,000 23,000 22,700 15,500 163.0 56 Dec 25, 2025 J-GAAP
YoY +11.7% -13.5% -17.5% -12.9% -7.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 122,493 5,312 5,511 3,373 33.8 4.3 Dec 26, 2024 J-GAAP
Dec - Feb, 2024 129,057 7,296 7,575 5,313 52.5 5.7 Apr 3, 2025 J-GAAP
Mar - May, 2025 129,587 6,654 7,027 3,851 38.0 5.1 Jul 3, 2025 J-GAAP
Jun - Aug, 2025 139,735 7,263 7,284 5,033 50.3 5.2 Oct 2, 2025 J-GAAP
Sep - Nov, 2025 140,073 6,231 6,323 4,606 46.7 4.4 Dec 25, 2025 J-GAAP
YoY +14.4% +17.3% +14.7% +36.6% +38.1%

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