KITAGAWA IRON WORKS, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 15%, Dividend Revised Upward by 7 Yen

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Fri Feb 13, 2026 3:30 pm JST Earnings

6317 Kitagawa Corporation 【J-GAAP】

Earnings Report

Kitagawa Corporation <6317> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 9.6% from the same period last year to 1.79 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 15.0%, from the previous forecast of 2.00 billion yen to 1.70 billion yen (compared to 2.31 billion yen in the previous period), leading to an increase in the profit decline rate from 13.6% to 26.6%. However, the full-year forecast for consolidated net income has been revised upward 8.3%, from the previous forecast of 2.40 billion yen to 2.60 billion yen (compared to 1.24 billion yen in the previous period), increasing the growth rate from 92.6% to 2.1 times.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has decreased 44.8%, from the previous forecast of 0.66 billion yen to 0.36 billion yen (compared to 1.58 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 57.7% to 76.7%.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 78 yen to 85 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.46 billion yen, a 63.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.5% in the same period last year to 2.8%.

Kabutan News

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	45,789	1,204	1,834	1,427	154.6	76.1	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	41,784	1,407	1,985	1,172	127.0	85.7	Feb 12, 2025	J-GAAP
Apr - Dec, 2025	41,791	1,732	1,794	2,612	282.6	105.5	Feb 13, 2026	J-GAAP
YoY	+0.0%	+23.1%	-9.6%	+122.9%	+122.6%

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	28,217	527	669	45	4.9	43	Nov 12, 2025	J-GAAP
Oct - Mar, 2025 New	28,217	527	369	245	26.5	50	Feb 13, 2026	J-GAAP
Revision Rate	0.0%	0.0%	-44.8%	+444.4%	+444.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	57,300	1,900	2,000	2,400	259.4	78	Nov 12, 2025	J-GAAP
Mar, 2026 New	57,300	1,900	1,700	2,600	281.0	85	Feb 13, 2026	J-GAAP
Revision Rate	0.0%	0.0%	-15.0%	+8.3%	+8.3%

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	28,837	1,470	1,581	876	94.9	25	May 13, 2025	J-GAAP
Oct - Mar, 2025 Guidance	28,217	527	369	245	26.5	50	Feb 13, 2026	J-GAAP
YoY	-2.2%	-64.1%	-76.7%	-72.0%	-72.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	61,567	1,680	2,409	1,267	137.3	40	May 10, 2024	J-GAAP
Mar, 2025	57,280	1,872	2,315	1,246	135.0	50	May 13, 2025	J-GAAP
Mar, 2026 Guidance	57,300	1,900	1,700	2,600	281.0	85	Feb 13, 2026	J-GAAP
YoY	+0.0%	+1.5%	-26.6%	+108.7%	+108.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	13,341	1,005	1,251	802	86.9	7.5	Feb 12, 2025	J-GAAP
Jan - Mar, 2025	15,496	465	330	74	8.0	3.0	May 13, 2025	J-GAAP
Apr - Jun, 2025	13,476	516	551	1,984	214.8	3.8	Aug 8, 2025	J-GAAP
Jul - Sep, 2025	15,607	857	780	371	40.2	5.5	Nov 12, 2025	J-GAAP
Oct - Dec, 2025	12,708	359	463	257	27.8	2.8	Feb 13, 2026	J-GAAP
YoY	-4.7%	-64.3%	-63.0%	-68.0%	-68.0%