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KEIHIN CO, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 12%, Dividend Revised Upward by 20 Yen

Thu Feb 5, 2026 3:00 pm JST Earnings

9312 THE KEIHIN CO., LTD. 【J-GAAP】

Earnings Report

THE KEIHIN CO., LTD. <9312> [TSE Std] announced its financial results in the afternoon session on February 5th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 19.8% from the same period last year, reaching 3.11 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 12.1%, from the previous forecast of 3.30 billion yen to 3.70 billion yen (compared to 3.10 billion yen in the previous period), increasing the growth rate from 6.4% to 19.3%.

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 30.9%, from the previous forecast of 1.29 billion yen to 1.69 billion yen (compared to 1.49 billion yen in the same period of the previous year), turning to a 13.1% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 80 yen to 100 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 11.1% from the same period last year, reaching 1.10 billion yen. The operating profit margin improved from 6.5% in the same period last year to 7.6%.

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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 35,857 2,168 2,340 1,565 239.9 78.3 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 38,367 2,390 2,597 1,791 274.3 83.7 Feb 6, 2025 J-GAAP
Apr - Dec, 2025 38,415 2,838 3,110 2,092 320.5 84.1 Feb 5, 2026 J-GAAP
YoY +0.1% +18.7% +19.8% +16.8% +16.8%

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 25,602 1,301 1,293 835 127.9 80 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 25,602 1,551 1,693 1,135 173.9 100 Feb 5, 2026 J-GAAP
Revision Rate 0.0% +19.2% +30.9% +35.9% +35.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 51,000 3,150 3,300 2,200 337.0 80 May 12, 2025 J-GAAP
Mar, 2026 New 51,000 3,400 3,700 2,500 382.9 100 Feb 5, 2026 J-GAAP
Revision Rate 0.0% +7.9% +12.1% +13.6% +13.6%

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 25,541 1,388 1,497 1,089 166.9 80 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 25,602 1,551 1,693 1,135 173.9 100 Feb 5, 2026 J-GAAP
YoY +0.2% +11.7% +13.1% +4.2% +4.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 46,520 2,668 2,988 2,049 313.9 70 May 10, 2024 J-GAAP
Mar, 2025 50,452 2,898 3,101 2,188 335.3 80 May 12, 2025 J-GAAP
Mar, 2026 Guidance 51,000 3,400 3,700 2,500 382.9 100 Feb 5, 2026 J-GAAP
YoY +1.1% +17.3% +19.3% +14.3% +14.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 13,456 880 993 692 106.0 6.5 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 12,085 508 504 397 60.8 4.2 May 12, 2025 J-GAAP
Apr - Jun, 2025 12,274 936 1,075 743 113.8 7.6 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 13,124 913 932 622 95.3 7.0 Nov 6, 2025 J-GAAP
Oct - Dec, 2025 13,017 989 1,103 727 111.4 7.6 Feb 5, 2026 J-GAAP
YoY -3.3% +12.4% +11.1% +5.1% +5.1%

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