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KUZE, First Half Ordinary Profit Unexpectedly Revised Upward by 22%

Thu Nov 13, 2025 3:40 pm JST Earnings

2708 KUZE CO., LTD. 【J-GAAP】

Earnings Report

KUZE CO., LTD. <2708> [TSE Std] announced its financial results after the market closed on November 13th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 22.4% from the same period last year, reaching 1.06 billion yen, resulting in an increase in profits compared to the previous forecast of a 9.3% decrease.

Progress toward the full-year plan of 1.95 billion yen was 54.7%, also surpassing the five-year average of 32.4%.

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 October to March period (second half) is expected to drop 33.0% from the same period last year to 0.88 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 24.6% from the same period last year, reaching 0.52 billion yen. The operating profit margin improved from 1.9% in the same period last year to 2.7%.

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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
Apr - Sep, 2023 31,546 907 933 1,239 267.9 48.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 33,434 736 871 896 193.7 39.8 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 36,139 986 1,066 710 153.6 54.7 Nov 13, 2025 J-GAAP
YoY +8.1% +34.0% +22.4% -20.8% -20.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 34,000 760 790 510 110.2 0 May 15, 2025 J-GAAP
Apr - Sep, 2025 Results 36,139 986 1,066 710 153.6 0 Nov 13, 2025 J-GAAP
Revision Rate +6.3% +29.7% +34.9% +39.2% +39.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 35,134 1,111 1,320 858 185.6 42 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 34,861 934 884 540 116.7 42 Nov 13, 2025 J-GAAP
YoY -0.8% -15.9% -33.0% -37.1% -37.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 64,474 1,861 1,939 2,008 434.1 42 May 15, 2024 J-GAAP
Mar, 2025 68,568 1,847 2,191 1,754 379.4 42 May 15, 2025 J-GAAP
Mar, 2026 Guidance 71,000 1,920 1,950 1,250 270.2 42 May 15, 2025 J-GAAP
YoY +3.5% +4.0% -11.0% -28.7% -28.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 16,416 312 423 272 58.8 1.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 18,541 801 1,031 665 143.8 4.3 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 16,593 310 289 193 41.7 1.9 May 15, 2025 J-GAAP
Apr - Jun, 2025 17,774 490 539 366 79.3 2.8 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 18,365 496 527 344 74.4 2.7 Nov 13, 2025 J-GAAP
YoY +11.9% +59.0% +24.6% +26.5% +26.5%

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