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KENKO Mayonnaise, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 22%, Current Fiscal Year Dividend Revised Upward by 20 Yen

Fri Feb 13, 2026 4:30 pm JST Earnings

2915 KENKO Mayonnaise Co., Ltd. 【J-GAAP】

Earnings Report

KENKO Mayonnaise Co., Ltd. <2915> [TSE Prime] announced its financial results after the market closed on February 13th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 21.8% from the same period last year to 3.67 billion yen. Progress toward the full-year plan of 3.95 billion yen was 93.0%, below the five-year average of 121.6%.

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 decrease 8.3% from the same period last year to 0.27 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 47 yen to 67 yen (compared to 43 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 17.1% from the same period last year, reaching 1.67 billion yen. The operating profit margin improved from 5.8% in the same period last year to 6.7%.

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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 67,103 2,326 2,426 1,651 102.4 78.3 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 70,537 4,590 4,698 3,244 203.0 94.0 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 70,262 3,564 3,674 2,396 161.8 93.0 Feb 13, 2026 J-GAAP
YoY -0.4% -22.4% -21.8% -26.1% -20.3%

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 46,859 1,856 1,946 1,225 85.1 24 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 46,859 1,856 1,946 1,225 85.1 44 Feb 13, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 92,800 3,800 3,950 2,470 171.6 47 Nov 14, 2025 J-GAAP
Mar, 2026 New 92,800 3,800 3,950 2,470 171.6 67 Feb 13, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 45,248 1,651 1,727 1,257 79.5 24 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 46,859 1,856 1,946 1,225 85.1 44 Feb 13, 2026 J-GAAP
YoY +3.6% +12.4% +12.7% -2.5% +7.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 88,724 2,949 3,099 2,735 169.9 30 May 13, 2024 J-GAAP
Mar, 2025 91,703 4,845 4,999 3,503 221.6 43 May 12, 2025 J-GAAP
Mar, 2026 Guidance 92,800 3,800 3,950 2,470 171.6 67 Feb 13, 2026 J-GAAP
YoY +1.2% -21.6% -21.0% -29.5% -22.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 24,082 1,396 1,426 998 62.5 5.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 21,166 255 301 259 16.4 1.2 May 12, 2025 J-GAAP
Apr - Jun, 2025 22,675 762 796 560 37.5 3.4 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 23,266 1,182 1,208 685 45.9 5.1 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 24,321 1,620 1,670 1,151 77.7 6.7 Feb 13, 2026 J-GAAP
YoY +1.0% +16.0% +17.1% +15.3% +24.5%

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