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Kawasaki &, First Half Ordinary Profit Unexpectedly Revised Upward by 8%

Tue Apr 14, 2026 3:30 pm JST Earnings

3045 Kawasaki & Co.,Ltd. 【J-GAAP】

Earnings Report

Kawasaki & Co.,Ltd. <3045> [TSE Std] announced its financial results after the market closed on April 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending August 2026 (September 2025 to February 2026) increased 8.1% from the same period last year, reaching 279 million yen, resulting in an increase in profits compared to the previous forecast of a 10.1% decrease.

Progress toward the full-year plan of 431 million yen was 64.7%, also surpassing the five-year average of 52.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the March to August period (second half) is expected to drop 40.6% from the same period last year to 152 million yen.

In the most recent three-month period, from December to February (2Q), the ordinary profit grew 17.4% from the same period last year, reaching 142 million yen. The operating profit margin rose from 20.8% in the same period last year to 23.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Sep - Feb, 2023 1,101 190 194 139 64.9 47.5 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 1,157 259 258 169 78.7 50.2 Apr 14, 2025 J-GAAP
Sep - Feb, 2025 1,192 279 279 182 85.5 64.7 Apr 14, 2026 J-GAAP
YoY +3.0% +7.7% +8.1% +7.7% +8.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2025 Guidance 1,148 233 232 150 70.3 25 Oct 14, 2025 J-GAAP
Sep - Feb, 2025 Results 1,192 279 279 182 85.5 25 Apr 14, 2026 J-GAAP
Revision Rate +3.8% +19.7% +20.3% +21.3% +21.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 1,134 257 256 169 78.8 25 Oct 14, 2025 J-GAAP
Mar - Aug, 2026 Guidance 1,041 153 152 97 45.5 25 Apr 14, 2026 J-GAAP
YoY -8.2% -40.5% -40.6% -42.6% -42.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 2,182 402 408 293 136.6 50 Oct 11, 2024 J-GAAP
Aug, 2025 2,291 516 514 338 157.6 50 Oct 14, 2025 J-GAAP
Aug, 2026 Guidance 2,233 432 431 279 130.8 50 Oct 14, 2025 J-GAAP
YoY -2.5% -16.3% -16.1% -17.5% -17.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 581 121 121 79 36.8 20.8 Apr 14, 2025 J-GAAP
Mar - May, 2025 575 150 150 96 44.8 26.1 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 559 107 106 73 34.0 19.1 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 595 137 137 90 42.5 23.0 Jan 14, 2026 J-GAAP
Dec - Feb, 2025 597 142 142 92 43.2 23.8 Apr 14, 2026 J-GAAP
YoY +2.8% +17.4% +17.4% +16.5% +17.4%

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