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Kotobuki Spirits, 12% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Dividend Raised by 3 yen
2222 Kotobuki Spirits Co.,Ltd. 【J-GAAP】
Earnings ReportKotobuki Spirits Co.,Ltd. <2222> [TSE Prime] announced its financial results after the market closed on May 13th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 increased 11.5% from the previous period to 17.6 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 11.5% to 19.7 billion yen, marking the fourth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the fourth consecutive term of profit growth.
At the same time, the company has decided to increase the dividend this fiscal year to 35 yen, an increase of 3 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit amounted to 4.08 billion yen, an increase of 0.3% compared to the same period last year. However, the operating profit margin decreased from 23.8% in the same period last year to 21.9%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2023 | 50,155 | 9,951 | 10,295 | 7,018 | 45.1 | 14 | May 15, 2023 | J-GAAP |
| Mar, 2024 | 64,035 | 15,780 | 15,867 | 10,831 | 69.6 | 28 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 72,349 | 17,610 | 17,686 | 12,122 | 78.0 | 32 | May 13, 2025 | J-GAAP |
| YoY | +13.0% | +11.6% | +11.5% | +11.9% | +12.1% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 Guidance | 70,000 | 17,530 | 17,600 | 11,800 | 76.4 | 32 | Apr 11, 2025 | J-GAAP |
| Mar, 2025 Results | 72,349 | 17,610 | 17,686 | 12,122 | 78.0 | 32 | May 13, 2025 | J-GAAP |
| Revision Rate | +3.4% | +0.5% | +0.5% | +2.7% | +2.0% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2024 | 32,906 | 7,476 | 7,520 | 4,990 | 32.1 | 0 | Nov 5, 2024 | J-GAAP |
| Apr - Sep, 2025 Guidance | 35,950 | 8,270 | 8,305 | 5,520 | 35.7 | 0 | May 13, 2025 | J-GAAP |
| YoY | +9.3% | +10.6% | +10.4% | +10.6% | +11.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 64,035 | 15,780 | 15,867 | 10,831 | 69.6 | 28 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 72,349 | 17,610 | 17,686 | 12,122 | 78.0 | 32 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 79,670 | 19,650 | 19,720 | 13,400 | 86.8 | 35 | May 13, 2025 | J-GAAP |
| YoY | +10.1% | +11.6% | +11.5% | +10.5% | +11.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2024 | 16,999 | 4,046 | 4,069 | 2,932 | 18.8 | 23.8 | May 14, 2024 | J-GAAP |
| Apr - Jun, 2024 | 15,526 | 3,428 | 3,447 | 2,265 | 14.6 | 22.1 | Aug 1, 2024 | J-GAAP |
| Jul - Sep, 2024 | 17,380 | 4,048 | 4,073 | 2,725 | 17.5 | 23.3 | Nov 5, 2024 | J-GAAP |
| Oct - Dec, 2024 | 20,901 | 6,069 | 6,086 | 4,034 | 25.9 | 29.0 | Feb 3, 2025 | J-GAAP |
| Jan - Mar, 2025 | 18,542 | 4,065 | 4,080 | 3,098 | 19.9 | 21.9 | May 13, 2025 | J-GAAP |
| YoY | +9.1% | +0.5% | +0.3% | +5.7% | +5.8% |
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