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IK HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 21% Decrease

Tue Jan 13, 2026 3:20 pm JST Earnings

2722 IK HOLDINGS Co.,Ltd 【J-GAAP】

Earnings Report

IK HOLDINGS Co.,Ltd <2722> [TSE Std] announced its financial results in the afternoon session on January 13th (15:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) increased 12.1% from the same period last year, reaching 111 million yen.

However, the full-year forecast for consolidated ordinary profit has decreased 31.3%, from the previous forecast of 480 million yen to 330 million yen (compared to 416 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 20.7% decrease in profit.

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 December to May period (second half) is expected to drop 30.9% from the same period last year to 219 million yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit dropped to 48 million yen, a 44.2% decrease compared to the same period last year. The operating profit margin worsened from 2.3% in the same period last year to 1.4%.

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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 6,695 65 64 -4 -0.5 18.8 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 7,262 103 99 130 17.1 23.8 Jan 14, 2025 J-GAAP
Jun - Nov, 2025 7,441 121 111 49 6.5 33.6 Jan 13, 2026 J-GAAP
YoY +2.5% +17.5% +12.1% -62.3% -62.0%

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 8,120 230 220 150 19.8 0 Jul 11, 2025 J-GAAP
Jun - Nov, 2025 Results 7,441 121 111 49 6.5 0 Jan 13, 2026 J-GAAP
Revision Rate -8.4% -47.4% -49.5% -67.3% -67.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2026 Prev 16,400 500 480 325 43.0 9 Jul 11, 2025 J-GAAP
May, 2026 New 14,700 350 330 200 26.5 9 Jan 13, 2026 J-GAAP
Revision Rate -10.4% -30.0% -31.3% -38.5% -38.5%

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 7,949 322 317 191 25.2 8 Jul 11, 2025 J-GAAP
Dec - May, 2025 Guidance 7,259 229 219 151 20.0 9 Jan 13, 2026 J-GAAP
YoY -8.7% -28.9% -30.9% -20.9% -20.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 14,049 341 340 229 29.8 5 Jul 12, 2024 J-GAAP
May, 2025 15,211 425 416 321 42.4 8 Jul 11, 2025 J-GAAP
May, 2026 Guidance 14,700 350 330 200 26.5 9 Jan 13, 2026 J-GAAP
YoY -3.4% -17.6% -20.7% -37.7% -37.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 4,004 93 86 64 8.4 2.3 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 4,185 243 238 132 17.4 5.8 Apr 8, 2025 J-GAAP
Mar - May, 2025 3,764 79 79 59 7.8 2.1 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 3,676 68 63 35 4.7 1.8 Oct 8, 2025 J-GAAP
Sep - Nov, 2025 3,765 53 48 14 1.9 1.4 Jan 13, 2026 J-GAAP
YoY -6.0% -43.0% -44.2% -78.1% -77.9%

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