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Keikyu, 52% Increase in Ordinary Profit, Record High for The First Time in Eight Years
9006 Keikyu Corporation 【J-GAAP】
Earnings ReportKeikyu Corporation <9006> [TSE Prime] announced its financial results after the market closed on May 11th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 17.5% from the previous period to 28.8 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to expand to 52.5% to 44.0 billion yenExpected to reach record high profits for the first time in eight years. This will be the fourth consecutive term of revenue growth.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit dropped to 5.55 billion yen, a 39.5% decrease compared to the same period last year. The operating profit margin decreased from 10.0% in the same period last year to 7.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 280,624 | 28,040 | 28,402 | 83,750 | 304.2 | 15 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 293,860 | 35,642 | 34,971 | 24,301 | 88.4 | 26 | May 12, 2025 | J-GAAP |
| Mar, 2026 | 304,192 | 33,553 | 28,854 | 27,492 | 101.9 | 46 | May 11, 2026 | J-GAAP |
| YoY | +3.5% | -5.9% | -17.5% | +13.1% | +15.3% |
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 | 300,000 | 31,000 | 26,000 | 31,000 | 115.6 | 46 | Nov 10, 2025 | J-GAAP |
| Mar, 2026 Results | 304,192 | 33,553 | 28,854 | 27,492 | 101.9 | 46 | May 11, 2026 | J-GAAP |
| Revision Rate | +1.4% | +8.2% | +11.0% | -11.3% | -11.8% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 142,565 | 18,556 | 16,888 | 15,257 | 56.2 | 23 | Nov 10, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 157,500 | 15,700 | 13,400 | 9,500 | 35.4 | 23 | May 11, 2026 | J-GAAP |
| YoY | +10.5% | -15.4% | -20.7% | -37.7% | -37.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 293,860 | 35,642 | 34,971 | 24,301 | 88.4 | 26 | May 12, 2025 | J-GAAP |
| Mar, 2026 | 304,192 | 33,553 | 28,854 | 27,492 | 101.9 | 46 | May 11, 2026 | J-GAAP |
| Mar, 2027 Guidance | 401,500 | 45,000 | 44,000 | 30,000 | 111.8 | 46 | May 11, 2026 | J-GAAP |
| YoY | +32.0% | +34.1% | +52.5% | +9.1% | +9.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 82,675 | 8,286 | 9,173 | 5,600 | 20.4 | 10.0 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 73,118 | 8,532 | 7,882 | 5,425 | 19.9 | 11.7 | Aug 6, 2025 | J-GAAP |
| Jul - Sep, 2025 | 69,447 | 10,024 | 9,006 | 9,832 | 36.2 | 14.4 | Nov 10, 2025 | J-GAAP |
| Oct - Dec, 2025 | 72,993 | 8,587 | 6,412 | 3,456 | 12.8 | 11.8 | Feb 12, 2026 | J-GAAP |
| Jan - Mar, 2026 | 88,634 | 6,410 | 5,554 | 8,779 | 32.5 | 7.2 | May 11, 2026 | J-GAAP |
| YoY | +7.2% | -22.6% | -39.5% | +56.8% | +59.7% |
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