kabutan

Keihan Holdings, 19% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Tue May 12, 2026 2:00 pm JST Earnings

9045 Keihan Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Keihan Holdings Co.,Ltd. <9045> [TSE Prime] announced its financial results in the afternoon session on May 12th (14:00). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 14.7% from the previous period to 46.9 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 18.8% from the previous period to 38.1 billion yen.

At the same time, the company increased the annual dividend for the previous term from 97 yen to 100 yen (compared to 40 yen in the prior term), and has decided to reduce the dividend this fiscal year to 86 yen, a decrease of 14 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 11.8 billion yen. The operating profit margin drastically improved from 6.9% in the same period last year to 12.1%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 302,147 33,904 33,111 24,890 232.1 35 May 10, 2024 J-GAAP
Mar, 2025 313,546 42,071 40,905 28,266 268.3 40 May 9, 2025 J-GAAP
Mar, 2026 332,471 49,152 46,931 33,581 332.8 100 May 12, 2026 J-GAAP
YoY +6.0% +16.8% +14.7% +18.8% +24.0%

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 325,400 46,200 43,900 32,600 323.1 97 Nov 7, 2025 J-GAAP
Mar, 2026 Results 332,471 49,152 46,931 33,581 332.8 100 May 12, 2026 J-GAAP
Revision Rate +2.2% +6.4% +6.9% +3.0% +3.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 144,365 22,119 21,123 15,802 156.6 0 Nov 7, 2025 J-GAAP
Apr - Sep, 2026 Guidance 154,800 20,000 18,300 13,800 136.8 0 May 12, 2026 J-GAAP
YoY +7.2% -9.6% -13.4% -12.7% -12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 313,546 42,071 40,905 28,266 268.3 40 May 9, 2025 J-GAAP
Mar, 2026 332,471 49,152 46,931 33,581 332.8 100 May 12, 2026 J-GAAP
Mar, 2027 Guidance 321,800 42,400 38,100 29,000 287.4 86 May 12, 2026 J-GAAP
YoY -3.2% -13.7% -18.8% -13.6% -13.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 79,549 5,510 5,011 3,369 32.0 6.9 May 9, 2025 J-GAAP
Apr - Jun, 2025 72,827 12,960 12,636 9,354 92.7 17.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 71,538 9,159 8,487 6,448 63.9 12.8 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 81,376 14,131 13,988 9,761 96.7 17.4 Feb 6, 2026 J-GAAP
Jan - Mar, 2026 106,730 12,902 11,820 8,018 79.5 12.1 May 12, 2026 J-GAAP
YoY +34.2% +134.2% +135.9% +138.0% +148.5%

Related Articles