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KANSEKI Rises on Upward Revision to Final Net Profit for Fiscal Year Ending February 2026
KANSEKI <9903> traded firmly. After the close of trading on the 2nd, the company announced that its standalone net profit for the fiscal year ending February 2026, currently being finalized, is expected to come in at \313 million (down 39.6% year-on-year), up from the previous forecast of \150 million. This announcement has been viewed positively by the market.
While sales decreased to \35.47 billion (down 3.0% year-on-year) from the initial forecast of \37 billion, and operating profit fell to \529 million (down 1.7% year-on-year) from \550 million due to heightened consumer cost-consciousness amid rising prices and reduced customer traffic caused by extreme heat and adverse weather conditions, ordinary profit exceeded the previous forecast. This was attributed to lower-than-expected financial costs, including expenses related to fund procurement such as borrowings and interest payments. Additionally, the upward revision to net profit was supported by a reduction in tax expenses due to higher-than-anticipated tax-deductible items, as well as the additional recording of deferred tax assets stemming from an upward revision in estimated future taxable income.
Source: MINKABU PRESS
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