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KAWASAKI SETSUBI, 1% Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 20 Yen, Plan to Continue the 95 Yen Policy This Fiscal Year as Well

Tue Apr 28, 2026 1:00 pm JST Earnings

1777 KAWASAKI SETSUBI KOGYO CO., LTD. 【J-GAAP】

Earnings Report

KAWASAKI SETSUBI KOGYO CO., LTD. <1777> [NSE Main] announced its financial results in the afternoon session on April 28th (13:00). The ordinary profit (non-consolidated) for the fiscal year ended March 2026 expanded to 82.4% from the previous period to 4.98 billion yen. For the fiscal year ending March 2027, the ordinary profit is expected to grow by 1.5% to 5.06 billion yen, marking the third consecutive term of record-high profits. This will be the fourth consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 75 yen to 95 yen (compared to 50 yen in the prior term), and has decided to continue with a dividend of 95 yen for the current term as well.

In the most recent three-month period, from January to March (4Q), the ordinary profit dropped to 1.00 billion yen, a 36.5% decrease compared to the same period last year. The operating profit margin significantly dropped from 14.7% in the same period last year to 9.7%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 22,482 1,333 1,354 845 70.7 22 Apr 26, 2024 J-GAAP
Mar, 2025 29,159 2,713 2,733 1,958 163.7 50 Apr 28, 2025 J-GAAP
Mar, 2026 37,652 4,904 4,986 3,684 308.0 95 Apr 28, 2026 J-GAAP
YoY +29.1% +80.8% +82.4% +88.2% +88.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 38,200 5,000 5,087 3,732 311.9 75 Jan 29, 2026 J-GAAP
Mar, 2026 Results 37,652 4,904 4,986 3,684 308.0 95 Apr 28, 2026 J-GAAP
Revision Rate -1.4% -1.9% -2.0% -1.3% -1.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 18,052 2,451 2,472 1,702 142.3 25 Oct 31, 2025 J-GAAP
Apr - Sep, 2026 Guidance 20,500 2,700 2,714 1,840 153.8 45 Apr 28, 2026 J-GAAP
YoY +13.6% +10.2% +9.8% +8.1% +8.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 29,159 2,713 2,733 1,958 163.7 50 Apr 28, 2025 J-GAAP
Mar, 2026 37,652 4,904 4,986 3,684 308.0 95 Apr 28, 2026 J-GAAP
Mar, 2027 Guidance 39,000 5,000 5,060 3,447 288.1 95 Apr 28, 2026 J-GAAP
YoY +3.6% +2.0% +1.5% -6.4% -6.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 10,764 1,580 1,576 1,214 101.5 14.7 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 9,058 1,423 1,439 993 83.0 15.7 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 8,994 1,028 1,033 709 59.3 11.4 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 9,790 1,504 1,513 1,037 86.7 15.4 Jan 29, 2026 J-GAAP
Jan - Mar, 2026 9,810 949 1,001 945 79.0 9.7 Apr 28, 2026 J-GAAP
YoY -8.9% -39.9% -36.5% -22.2% -22.2%

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