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Kyokuto, First Half Ordinary Profit Revised Downward to an Unexpected 15%Decrease, Exceeds Full-Year Plan

Mon Oct 6, 2025 2:00 pm JST Earnings

2300 Kyokuto Co.,Ltd. 【J-GAAP】

Earnings Report

Kyokuto Co.,Ltd. <2300> [TSE Std] announced its financial results in the afternoon session on October 6th (14:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2026 (March to August) decreased 15.3% from the same period last year to 355 million yen, resulting in a decrease in profits compared to the previous forecast of a 1.4% increase.

Progress toward the full-year plan of 300 million yen is 118.3%, but it was lower than the same period of the previous year of 230.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the September to February period (second half) is expected to further decrease loss of 55 million yen (compared to a loss of 237 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary loss improved to a deficit of 87 million yen (compared to a loss of 112 million yen in the same period last year). The operating profit/loss margin improved from -11.3% in the same period last year to -9.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2023 2,862 333 372 229 43.6 228.2 Oct 6, 2023 J-GAAP
Mar - Aug, 2024 3,182 374 419 292 55.6 230.2 Oct 4, 2024 J-GAAP
Mar - Aug, 2025 3,130 309 355 245 46.7 118.3 Oct 6, 2025 J-GAAP
YoY -1.6% -17.4% -15.3% -16.1% -16.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 Guidance 3,220 380 425 295 56.1 5.50 Apr 15, 2025 J-GAAP
Mar - Aug, 2025 Results 3,130 309 355 245 46.7 5.50 Oct 6, 2025 J-GAAP
Revision Rate -2.8% -18.7% -16.5% -16.9% -16.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 2,198 -278 -237 -209 -39.7 5.50 Apr 15, 2025 J-GAAP
Sep - Feb, 2025 Guidance 2,370 -109 -55 -45 -8.6 5.50 Oct 6, 2025 J-GAAP
YoY +7.8% +60.8% +76.8% +78.5% +78.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 4,917 83 163 119 22.6 8.50 Apr 15, 2024 J-GAAP
Feb, 2025 5,380 96 182 83 15.8 11 Apr 15, 2025 J-GAAP
Feb, 2026 Guidance 5,500 200 300 200 38.0 11 Apr 15, 2025 J-GAAP
YoY +2.2% +108.3% +64.8% +141.0% +140.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2024 1,148 -130 -112 -75 -14.3 -11.3 Oct 4, 2024 J-GAAP
Sep - Nov, 2024 1,150 -82 -61 -50 -9.5 -7.1 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 1,048 -196 -176 -159 -30.2 -18.7 Apr 15, 2025 J-GAAP
Mar - May, 2025 1,938 417 442 306 58.3 21.5 Jul 4, 2025 J-GAAP
Jun - Aug, 2025 1,192 -108 -87 -61 -11.6 -9.1 Oct 6, 2025 J-GAAP
YoY +3.8% +16.9% +22.3% +18.7% +18.7%

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