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KI-STAR REAL ESTATE, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 20%, Highest in Four Terms, Dividend Revised Upward by 30 Yen

Thu Feb 12, 2026 3:30 pm JST Earnings

3465 KI-STAR REAL ESTATE CO.,LTD 【J-GAAP】

Earnings Report

KI-STAR REAL ESTATE CO.,LTD <3465> [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) expanded 17.5 billion yen, an increase 74.7% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 20.0%, from the previous forecast of 20.0 billion yen to 24.0 billion yen (compared to 15.1 billion yen in the previous period), increasing the growth rate from 32.2% to 58.7%, reaches new record high for the first time in four terms.

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 41.6%, from the previous forecast of 9.62 billion yen to 13.6 billion yen (compared to 9.07 billion yen in the same period of the previous year), increasing the growth rate from 6.0% to 50.1%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 200 yen to 230 yen (compared to 151 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 79.2% from the same period last year, reaching 7.18 billion yen. The operating profit margin improved from 5.4% in the same period last year to 8.0%.

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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 197,622 7,885 7,023 4,731 300.1 69.3 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 232,834 11,423 10,054 5,859 376.7 66.5 Feb 10, 2025 J-GAAP
Apr - Dec, 2025 276,874 18,939 17,560 10,686 689.4 73.2 Feb 12, 2026 J-GAAP
YoY +18.9% +65.8% +74.7% +82.4% +83.0%

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 188,810 11,754 9,621 5,660 364.7 100 Nov 13, 2025 J-GAAP
Oct - Mar, 2025 New 201,810 14,754 13,621 7,960 512.9 130 Feb 12, 2026 J-GAAP
Revision Rate +6.9% +25.5% +41.6% +40.6% +40.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 370,000 23,000 20,000 12,000 773.2 200 May 15, 2025 J-GAAP
Mar, 2026 New 383,000 26,000 24,000 14,300 921.4 230 Feb 12, 2026 J-GAAP
Revision Rate +3.5% +13.0% +20.0% +19.2% +19.2%

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 191,618 10,263 9,077 5,217 335.8 86 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 201,810 14,754 13,621 7,960 512.9 130 Feb 12, 2026 J-GAAP
YoY +5.3% +43.8% +50.1% +52.6% +52.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 283,084 11,362 10,130 6,743 427.7 180 May 13, 2024 J-GAAP
Mar, 2025 342,553 17,255 15,124 8,862 570.4 151 May 15, 2025 J-GAAP
Mar, 2026 Guidance 383,000 26,000 24,000 14,300 921.4 230 Feb 12, 2026 J-GAAP
YoY +11.8% +50.7% +58.7% +61.4% +61.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 81,899 4,431 4,007 2,214 142.4 5.4 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 109,719 5,832 5,070 3,003 193.3 5.3 May 15, 2025 J-GAAP
Apr - Jun, 2025 84,574 4,506 3,937 2,399 155.0 5.3 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 96,616 6,740 6,442 3,941 254.4 7.0 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 95,684 7,693 7,181 4,346 280.4 8.0 Feb 12, 2026 J-GAAP
YoY +16.8% +73.6% +79.2% +96.3% +96.9%

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