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KIKUSUI HOLDINGS, 1% Increase in Ordinary Profit, Update Record High for Fifth Consecutive Term
6912 KIKUSUI HOLDINGS CORPORATION 【J-GAAP】
Earnings ReportKIKUSUI HOLDINGS CORPORATION <6912> [TSE Std] announced its financial results after the market closed on May 15th (17:00). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 7.0% from the previous period to 2.27 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 1.3% to 2.30 billion yen, marking the fifth consecutive term of record-high profits. This will be the sixth consecutive term of revenue and profit growth.
At the same time, the company increased the annual dividend for the previous term from 63 yen to 69 yen (compared to 53 yen in the prior term). For the current term, the company plans to remove the commemorative dividend of the previous term and set the dividend for this term at an ordinary dividend of 59 yen.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 0.53 billion yen, a 14.4% decrease compared to the same period last year. The operating profit margin decreased from 15.2% in the same period last year to 12.9%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 12,488 | 1,853 | 1,919 | 1,300 | 155.4 | 47 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 13,429 | 1,997 | 2,122 | 1,439 | 173.4 | 53 | May 15, 2025 | J-GAAP |
| Mar, 2026 | 14,687 | 2,135 | 2,270 | 1,609 | 193.4 | 69 | May 15, 2026 | J-GAAP |
| YoY | +9.4% | +6.9% | +7.0% | +11.8% | +11.5% |
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 | 13,500 | 2,050 | 2,150 | 1,450 | 174.1 | 63 | Feb 26, 2026 | J-GAAP |
| Mar, 2026 Results | 14,687 | 2,135 | 2,270 | 1,609 | 193.4 | 69 | May 15, 2026 | J-GAAP |
| Revision Rate | +8.8% | +4.1% | +5.6% | +11.0% | +11.1% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 6,598 | 844 | 959 | 622 | 74.9 | 0 | Oct 30, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 6,600 | 850 | 960 | 640 | 76.9 | 0 | May 15, 2026 | J-GAAP |
| YoY | +0.0% | +0.7% | +0.1% | +2.9% | +2.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 13,429 | 1,997 | 2,122 | 1,439 | 173.4 | 53 | May 15, 2025 | J-GAAP |
| Mar, 2026 | 14,687 | 2,135 | 2,270 | 1,609 | 193.4 | 69 | May 15, 2026 | J-GAAP |
| Mar, 2027 Guidance | 14,700 | 2,150 | 2,300 | 1,620 | 194.5 | 59 | May 15, 2026 | J-GAAP |
| YoY | +0.1% | +0.7% | +1.3% | +0.7% | +0.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 4,069 | 617 | 624 | 442 | 53.3 | 15.2 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 3,055 | 277 | 363 | 257 | 31.0 | 9.1 | Jul 30, 2025 | J-GAAP |
| Jul - Sep, 2025 | 3,543 | 567 | 596 | 365 | 44.0 | 16.0 | Oct 30, 2025 | J-GAAP |
| Oct - Dec, 2025 | 3,816 | 739 | 777 | 544 | 65.4 | 19.4 | Jan 29, 2026 | J-GAAP |
| Jan - Mar, 2026 | 4,273 | 552 | 534 | 443 | 53.2 | 12.9 | May 15, 2026 | J-GAAP |
| YoY | +5.0% | -10.5% | -14.4% | +0.2% | 0.0% |
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