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Kotobuki Spirits, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 4%
2222 Kotobuki Spirits Co.,Ltd. 【J-GAAP】
Earnings ReportKotobuki Spirits Co.,Ltd. <2222> [TSE Prime] announced its financial results after the market closed on February 2nd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 3.7% from the same period last year, reaching 14.1 billion yen. However, Progress toward the full-year plan of 19.7 billion yen was 71.6%, also falling below the five-year average of 74.2%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 37.4% from the same period last year, reaching 5.60 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 8.4% from the same period last year, reaching 6.59 billion yen. However, the operating profit margin remained almost flat, changing from 29.0% in the same period last year to 28.9%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 47,036 | 11,734 | 11,798 | 7,899 | 50.8 | 74.4 | Feb 1, 2024 | J-GAAP |
| Apr - Dec, 2024 | 53,807 | 13,545 | 13,606 | 9,024 | 58.0 | 76.9 | Feb 3, 2025 | J-GAAP |
| Apr - Dec, 2025 | 58,485 | 14,011 | 14,113 | 9,331 | 60.4 | 71.6 | Feb 2, 2026 | J-GAAP |
| YoY | +8.7% | +3.4% | +3.7% | +3.4% | +4.2% |
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 | 39,443 | 10,134 | 10,166 | 7,132 | 45.9 | 32 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 43,883 | 12,209 | 12,203 | 8,384 | 54.3 | 35 | Nov 4, 2025 | J-GAAP |
| YoY | +11.3% | +20.5% | +20.0% | +17.6% | +18.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 64,035 | 15,780 | 15,867 | 10,831 | 69.6 | 28 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 72,349 | 17,610 | 17,686 | 12,122 | 78.0 | 32 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 79,670 | 19,650 | 19,720 | 13,400 | 86.8 | 35 | May 13, 2025 | J-GAAP |
| YoY | +10.1% | +11.6% | +11.5% | +10.5% | +11.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 20,901 | 6,069 | 6,086 | 4,034 | 25.9 | 29.0 | Feb 3, 2025 | J-GAAP |
| Jan - Mar, 2025 | 18,542 | 4,065 | 4,080 | 3,098 | 19.9 | 21.9 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 16,976 | 3,439 | 3,472 | 2,303 | 14.9 | 20.3 | Aug 1, 2025 | J-GAAP |
| Jul - Sep, 2025 | 18,811 | 4,002 | 4,045 | 2,713 | 17.6 | 21.3 | Nov 4, 2025 | J-GAAP |
| Oct - Dec, 2025 | 22,698 | 6,570 | 6,596 | 4,315 | 28.0 | 28.9 | Feb 2, 2026 | J-GAAP |
| YoY | +8.6% | +8.3% | +8.4% | +7.0% | +7.8% |
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