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KEIWA, First Half Ordinary Profit Decreases by 24%

Thu Aug 14, 2025 4:00 pm JST Earnings

4251 KEIWA Incorporated 【J-GAAP】

Earnings Report

KEIWA Incorporated <4251> [TSE Prime] announced its financial results after the market closed on August 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 23.6% from the same period last year to 1.96 billion yen. However, Progress toward the full-year plan of 3.50 billion yen was 55.9%, also surpassing the five-year average of 43.5%.

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 July to December period (second half) is expected to drop 41.5% from the same period last year to 1.54 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit decreased to 0.91 billion yen, a 29.2% decrease compared to the same period last year. The operating profit margin decreased from 21.0% in the same period last year to 20.0%.

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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
Jan - Jun, 2023 7,394 592 928 625 32.5 33.7 Aug 14, 2023 J-GAAP
Jan - Jun, 2024 9,648 2,063 2,567 1,577 81.8 49.3 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 9,913 2,247 1,960 693 37.1 55.9 Aug 14, 2025 J-GAAP
YoY +2.7% +8.9% -23.6% -56.1% -54.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 9,561 1,355 1,352 980 53.0 0 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 9,913 2,247 1,960 693 37.1 0 Aug 14, 2025 J-GAAP
Revision Rate +3.7% +65.8% +45.0% -29.3% -29.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 11,482 2,676 2,643 1,213 62.9 35 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 11,054 1,261 1,546 1,949 105.4 35 Aug 14, 2025 J-GAAP
YoY -3.7% -52.9% -41.5% +60.7% +67.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 17,570 2,455 2,757 1,983 102.9 25 Feb 13, 2024 J-GAAP
Dec, 2024 21,130 4,739 5,210 2,790 144.7 35 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 20,967 3,508 3,506 2,642 142.9 35 Feb 14, 2025 J-GAAP
YoY -0.8% -26.0% -32.7% -5.3% -1.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 5,039 1,060 1,296 745 38.7 21.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 5,208 1,016 588 -415 -21.5 19.5 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 6,274 1,660 2,055 1,628 84.5 26.5 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 4,983 1,260 1,043 800 42.5 25.3 May 14, 2025 J-GAAP
Apr - Jun, 2025 4,930 987 917 -107 -5.7 20.0 Aug 14, 2025 J-GAAP
YoY -2.2% -6.9% -29.2% － －

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