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KYOWA LEATHER CLOTH, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 31%

Fri Feb 6, 2026 3:30 pm JST Earnings

3553 KYOWA LEATHER CLOTH CO.,LTD 【J-GAAP】

Earnings Report

KYOWA LEATHER CLOTH CO.,LTD <3553> [TSE Std] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 54.9% from the same period last year to 0.78 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 30.8%, from the previous forecast of 0.65 billion yen to 0.85 billion yen (compared to 1.67 billion yen in the previous period), and the declining rate is expected to decrease from 61.3% to 49.4%.

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) has been revised upward 43.7%, from the previous forecast of 0.45 billion yen to 0.65 billion yen (compared to 0.84 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 45.8% to 22.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.59 billion yen, a 34.7% decrease compared to the same period last year. The operating profit margin worsened from 5.2% in the same period last year to 3.3%.

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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 38,872 2,261 2,331 1,649 68.4 86.2 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 40,152 1,654 1,740 1,138 47.7 103.6 Feb 5, 2025 J-GAAP
Apr - Dec, 2025 40,530 621 784 334 14.0 92.2 Feb 6, 2026 J-GAAP
YoY +0.9% -62.5% -54.9% -70.7% -70.6%

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 27,406 571 458 327 13.7 26 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 28,906 621 658 477 20.0 26 Feb 6, 2026 J-GAAP
Revision Rate +5.5% +8.8% +43.7% +45.9% +45.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 53,000 700 650 300 12.6 52 May 9, 2025 J-GAAP
Mar, 2026 New 54,500 750 850 450 18.9 52 Feb 6, 2026 J-GAAP
Revision Rate +2.8% +7.1% +30.8% +50.0% +50.0%

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 30,297 1,217 845 569 23.9 16 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 28,906 621 658 477 20.0 26 Feb 6, 2026 J-GAAP
YoY -4.6% -49.0% -22.1% -16.2% -16.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 52,037 2,567 2,704 1,958 81.3 32 May 8, 2024 J-GAAP
Mar, 2025 56,397 2,140 1,679 1,100 46.1 32 May 9, 2025 J-GAAP
Mar, 2026 Guidance 54,500 750 850 450 18.9 52 Feb 6, 2026 J-GAAP
YoY -3.4% -65.0% -49.4% -59.1% -59.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 14,052 731 906 607 25.4 5.2 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 16,245 486 -61 -38 -1.6 3.0 May 9, 2025 J-GAAP
Apr - Jun, 2025 12,376 22 75 33 1.4 0.2 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 13,218 107 117 -60 -2.6 0.8 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 14,936 492 592 361 15.2 3.3 Feb 6, 2026 J-GAAP
YoY +6.3% -32.7% -34.7% -40.5% -40.4%

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