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KYODO PAPER, Ordinary Profit Forecast for the Fiscal Year Revised Downward to a Loss

Wed Feb 4, 2026 3:30 pm JST Earnings

9849 KYODO PAPER HOLDINGS 【J-GAAP】

Earnings Report

KYODO PAPER HOLDINGS <9849> [TSE Std] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded to a loss of 54 million yen (compared to a loss of 23 million yen in the same period last year).

In addition, the full-year forecast for consolidated ordinary profit/loss has been revised downward from an expected profit of 80 million yen to a loss of 50 million yen (compared to a profit of 27 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (second half) has been revised downward from an expected profit of 91 million yen to a loss of 39 million yen (compared to a profit of 30 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary loss expanded to a loss of 43 million yen (compared to a loss of 20 million yen in the same period last year). The operating profit/loss margin worsened from -0.7% in the same period last year to -1.3%.

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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 12,507 77 102 54 80.3 85.0 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 12,526 -61 -23 -19 -28.8 ー Feb 4, 2025 J-GAAP
Apr - Dec, 2025 12,139 -83 -54 -40 -60.6 ー Feb 4, 2026 J-GAAP
YoY -3.1% -36.1% -134.8% -110.5% -110.8%

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 8,918 89 91 58 85.8 50 Nov 4, 2025 J-GAAP
Oct - Mar, 2025 New 8,218 -56 -39 28 41.4 50 Feb 4, 2026 J-GAAP
Revision Rate -7.8% － － -51.7% -51.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 17,000 60 80 50 74.0 50 May 8, 2025 J-GAAP
Mar, 2026 New 16,300 -85 -50 20 29.6 50 Feb 4, 2026 J-GAAP
Revision Rate -4.1% － － -60.0% -60.0%

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 8,762 22 30 22 32.6 50 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 8,218 -56 -39 28 41.4 50 Feb 4, 2026 J-GAAP
YoY -6.2% － － +27.3% +27.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 16,725 94 120 58 87.3 50 May 10, 2024 J-GAAP
Mar, 2025 16,888 -10 27 28 41.5 50 May 8, 2025 J-GAAP
Mar, 2026 Guidance 16,300 -85 -50 20 29.6 50 Feb 4, 2026 J-GAAP
YoY -3.5% -750.0% － -28.6% -28.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 4,400 -29 -20 -25 -37.8 -0.7 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 4,362 51 50 47 69.6 1.2 May 8, 2025 J-GAAP
Apr - Jun, 2025 4,259 2 19 7 11.3 0.0 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 3,823 -31 -30 -15 -22.5 -0.8 Nov 4, 2025 J-GAAP
Oct - Dec, 2025 4,057 -54 -43 -32 -48.5 -1.3 Feb 4, 2026 J-GAAP
YoY -7.8% -86.2% -115.0% -28.0% -28.2%

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