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KANDENKO, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 28%, Raises Record High Profit Forecast, Dividend Revised Upward by 30 Yen

Thu Jan 29, 2026 1:00 pm JST Earnings

1942 KANDENKO CO.,LTD. 【J-GAAP】

Earnings Report

KANDENKO CO.,LTD. <1942> [TSE Prime] announced its financial results in the afternoon session on January 29th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 60.3 billion yen, an increase 39.2% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 28.1%, from the previous forecast of 64.0 billion yen to 82.0 billion yen (compared to 59.4 billion yen in the previous period), increasing the growth rate from 7.6% to 37.8%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 71.9%, from the previous forecast of 25.0 billion yen to 43.0 billion yen (compared to 33.3 billion yen in the same period of the previous year), turning to a 29.1% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 120 yen (compared to 82 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 24.3% from the same period last year, reaching 21.3 billion yen. The operating profit margin improved from 9.8% in the same period last year to 12.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 403,357 24,932 26,245 20,047 98.1 61.5 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 455,492 41,932 43,342 31,896 156.1 72.8 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 511,581 58,472 60,323 46,242 226.2 73.6 Jan 29, 2026 J-GAAP
YoY +12.3% +39.4% +39.2% +45.0% +45.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 362,362 25,100 25,051 19,595 95.9 45 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 394,362 42,100 43,051 34,595 169.3 75 Jan 29, 2026 J-GAAP
Revision Rate +8.8% +67.7% +71.9% +76.6% +76.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 703,000 63,000 64,000 46,000 225.0 90 Apr 28, 2025 J-GAAP
Mar, 2026 New 735,000 80,000 82,000 61,000 298.4 120 Jan 29, 2026 J-GAAP
Revision Rate +4.6% +27.0% +28.1% +32.6% +32.6%

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 385,148 32,899 33,354 25,117 122.9 56 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 394,362 42,100 43,051 34,595 169.3 75 Jan 29, 2026 J-GAAP
YoY +2.4% +28.0% +29.1% +37.7% +37.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 598,427 40,934 42,648 27,345 133.8 41 Apr 26, 2024 J-GAAP
Mar, 2025 671,888 58,326 59,498 42,380 207.4 82 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 735,000 80,000 82,000 61,000 298.4 120 Jan 29, 2026 J-GAAP
YoY +9.4% +37.2% +37.8% +43.9% +43.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 168,752 16,505 17,198 14,633 71.6 9.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 216,396 16,394 16,156 10,484 51.3 7.6 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 165,567 17,476 18,261 12,653 61.9 10.6 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 175,071 20,424 20,688 13,752 67.3 11.7 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 170,943 20,572 21,374 19,837 97.1 12.0 Jan 29, 2026 J-GAAP
YoY +1.3% +24.6% +24.3% +35.6% +35.5%

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