kabutan

KUREHA, First Half Net Income Unexpectedly Revised Upward by 12%

Tue Nov 11, 2025 3:30 pm JST Earnings

4023 KUREHA CORPORATION 【IFRS】

Earnings Report

KUREHA CORPORATION <4023> [TSE Prime] announced its financial results (based on IFRS) after the market closed on November 11th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 11.8% from the same period last year, reaching 6.31 billion yen, resulting in an increase in profits compared to the previous forecast of a 20.4% decrease.

Progress toward the full-year plan of 10.0 billion yen was 63.2%, almost the same as the five-year average of 61.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand 71.3% from the same period last year, reaching 3.68 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 53.1% from the same period last year, reaching 4.25 billion yen. The operating profit margin significantly improved from 9.5% in the same period last year to 14.1%.

Kabutan News

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 88,490 9,148 9,859 6,797 118.4 70.9 Nov 9, 2023 IFRS
Apr - Sep, 2024 81,641 6,959 7,443 5,651 105.3 72.8 Nov 11, 2024 IFRS
Apr - Sep, 2025 77,387 8,105 8,464 6,318 151.0 60.5 Nov 11, 2025 IFRS
YoY -5.2% +16.5% +13.7% +11.8% +43.4%

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 80,000 6,000 6,000 4,500 117.4 109.50 Aug 8, 2025 IFRS
Apr - Sep, 2025 Results 77,387 8,105 8,464 6,318 151.0 109.50 Nov 11, 2025 IFRS
Revision Rate -3.3% +35.1% +41.1% +40.4% +28.6%

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 80,374 2,469 2,775 2,149 41.2 43.35 May 12, 2025 IFRS
Oct - Mar, 2025 Guidance 87,613 5,895 5,536 3,682 96.3 109.50 Nov 11, 2025 IFRS
YoY +9.0% +138.8% +99.5% +71.3% +133.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 177,973 12,800 13,913 9,734 173.0 86.67 May 13, 2024 IFRS
Mar, 2025 162,015 9,428 10,218 7,800 149.7 86.70 May 12, 2025 IFRS
Mar, 2026 Guidance 165,000 14,000 14,000 10,000 261.7 219 Aug 8, 2025 IFRS
YoY +1.8% +48.5% +37.0% +28.2% +74.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 39,707 3,759 3,681 2,781 51.8 9.5 Nov 11, 2024 IFRS
Oct - Dec, 2024 40,371 3,502 3,657 2,445 46.3 8.7 Feb 10, 2025 IFRS
Jan - Mar, 2025 40,003 -1,033 -882 -296 -5.7 -2.6 May 12, 2025 IFRS
Apr - Jun, 2025 36,540 2,329 2,832 2,061 45.4 6.4 Aug 8, 2025 IFRS
Jul - Sep, 2025 40,847 5,776 5,632 4,257 101.8 14.1 Nov 11, 2025 IFRS
YoY +2.9% +53.7% +53.0% +53.1% +96.3%

Related Articles