IKK Holdings, First Half Ordinary Profit Unexpectedly Revised Upward by 75%
2198 IKK Holdings Inc. 【J-GAAP】
Earnings ReportIKK Holdings Inc. <2198> [TSE Prime] announced its financial results in the afternoon session on June 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending October 2026 (November 2025 to April 2026) expanded 0.66 billion yen, an increase 74.9% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 71.0% decrease.
Progress toward the full-year plan of 1.17 billion yen was 56.4%, also surpassing the five-year average (Excluding loss-making periods) of 20.4%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the May to October period (second half) is expected to significant drop 66.1% from the same period last year to 0.51 billion yen.
In the most recent three-month period, from February to April (2Q), the consolidated ordinary profit decreased to 0.17 billion yen, an 11.9% decrease compared to the same period last year. The operating profit margin worsened from 3.3% in the same period last year to 2.5%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
10,996M | 960M | 973M | 625M | 21.8 | 38.5 | Jun 13, 2024 | J-GAAP |
|
|
10,505M | 360M | 379M | 197M | 6.9 | 20.1 | Jun 12, 2025 | J-GAAP |
|
|
11,022M | 577M | 663M | 494M | 17.0 | 56.4 | Jun 11, 2026 | J-GAAP |
| YoY | +4.9% | +60.3% | +74.9% | +150.8% | +147.3% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Nov - Apr, 2025 Guidance | 10,600M | 115M | 110M | 30M | 1.0 | 0 | Dec 11, 2025 | J-GAAP |
| Nov - Apr, 2025 Results | 11,022M | 577M | 663M | 494M | 17.0 | 0 | Jun 11, 2026 | J-GAAP |
| Revision Rate | +4.0% | +401.7% | +502.7% | +1,546.7% | +1,549.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
11,950M | 1,460M | 1,511M | 1,766M | 61.2 | 24 | Dec 11, 2025 | J-GAAP |
|
Guidance
May - Oct, 2026
|
11,828M | 623M | 512M | 226M | 7.8 | 24 | Jun 11, 2026 | J-GAAP |
| YoY | -1.0% | -57.3% | -66.1% | -87.2% | -87.3% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
23,263M | 2,490M | 2,525M | 1,702M | 59.4 | 24 | Dec 12, 2024 | J-GAAP |
|
|
22,455M | 1,820M | 1,890M | 1,963M | 68.0 | 24 | Dec 11, 2025 | J-GAAP |
|
Guidance
Oct, 2026
|
22,850M | 1,200M | 1,175M | 720M | 24.7 | 24 | Dec 11, 2025 | J-GAAP |
| YoY | +1.8% | -34.1% | -37.8% | -63.3% | -63.6% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
5,538M | 182M | 194M | 86M | 3.0 | 3.3 | Jun 12, 2025 | J-GAAP |
|
|
5,356M | 357M | 374M | 240M | 8.3 | 6.7 | Sep 11, 2025 | J-GAAP |
|
|
6,594M | 1,103M | 1,137M | 1,526M | 52.9 | 16.7 | Dec 11, 2025 | J-GAAP |
|
|
5,497M | 440M | 492M | 424M | 14.6 | 8.0 | Mar 12, 2026 | J-GAAP |
|
|
5,525M | 137M | 171M | 70M | 2.4 | 2.5 | Jun 11, 2026 | J-GAAP |
| YoY | -0.2% | -24.7% | -11.9% | -18.6% | -19.7% |
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