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Keikyu, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 10%
9006 Keikyu Corporation 【J-GAAP】
Earnings ReportKeikyu Corporation <9006> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 9.7% from the same period last year to 23.3 billion yen. However, Progress toward the full-year plan of 26.0 billion yen was 89.6%, also surpassing the five-year average of 60.7%.
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 significant drop 70.6% from the same period last year to 2.70 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 6.41 billion yen, a 14.1% decrease compared to the same period last year. The operating profit margin decreased from 11.9% in the same period last year to 11.8%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 200,537 | 23,352 | 22,764 | 15,401 | 56.0 | 80.1 | Feb 13, 2024 | J-GAAP |
| Apr - Dec, 2024 | 211,185 | 27,356 | 25,798 | 18,701 | 68.0 | 73.8 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 215,558 | 27,143 | 23,300 | 18,713 | 69.2 | 89.6 | Feb 12, 2026 | J-GAAP |
| YoY | +2.1% | -0.8% | -9.7% | +0.1% | +1.7% |
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 | 152,903 | 16,642 | 16,638 | 10,638 | 38.7 | 17 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 157,435 | 12,444 | 9,112 | 15,743 | 58.7 | 23 | Nov 10, 2025 | J-GAAP |
| YoY | +3.0% | -25.2% | -45.2% | +48.0% | +51.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 280,624 | 28,040 | 28,402 | 83,750 | 304.2 | 15 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 293,860 | 35,642 | 34,971 | 24,301 | 88.4 | 26 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 300,000 | 31,000 | 26,000 | 31,000 | 115.6 | 46 | Nov 10, 2025 | J-GAAP |
| YoY | +2.1% | -13.0% | -25.7% | +27.6% | +30.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 70,228 | 8,356 | 7,465 | 5,038 | 18.3 | 11.9 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 82,675 | 8,286 | 9,173 | 5,600 | 20.4 | 10.0 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 73,118 | 8,532 | 7,882 | 5,425 | 19.9 | 11.7 | Aug 6, 2025 | J-GAAP |
| Jul - Sep, 2025 | 69,447 | 10,024 | 9,006 | 9,832 | 36.2 | 14.4 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 72,993 | 8,587 | 6,412 | 3,456 | 12.8 | 11.8 | Feb 12, 2026 | J-GAAP |
| YoY | +3.9% | +2.8% | -14.1% | -31.4% | -30.2% |
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