kabutan

KAWAKAMI PAINT, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 73% Decrease, Dividend Revised Upward by 4 Yen

Mon Jul 14, 2025 3:30 pm JST Earnings

4616 KAWAKAMI PAINT MANUFACTURING CO.,LTD. 【J-GAAP】

Earnings Report

KAWAKAMI PAINT MANUFACTURING CO.,LTD. <4616> [TSE Std] announced its financial results after the market closed on July 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending November 2025 (December 2024 to May 2025) turned into a loss of 18 million yen (compared to a profit of 83 million yen in the same period last year), reversing from the forecast of a 94 million yen to a loss.

In addition, the full-year forecast for consolidated ordinary profit has decreased 85.4%, from the previous forecast of 260 million yen to 38 million yen (compared to 142 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 73.2% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the June to November period (second half) is expected to decrease 5.1% from the same period last year to 56 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 40 yen to 44 yen (compared to 30 yen in the previous period).

In the most recent three-month period, from March to May (2Q), the consolidated ordinary profit significantly dropped to 1 million yen, a 97.1% decrease compared to the same period last year. The operating profit/loss margin worsened from 1.4% in the same period last year to -0.6%.

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
Dec - May, 2022 2,934 78 101 76 77.1 42.4 Jul 13, 2023 J-GAAP
Dec - May, 2023 2,913 58 83 58 59.0 58.5 Jul 11, 2024 J-GAAP
Dec - May, 2024 2,799 -38 -18 -11 -11.5 ー Jul 14, 2025 J-GAAP
YoY -3.9% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Guidance 3,107 82 94 74 74.3 0 Jan 14, 2025 J-GAAP
Dec - May, 2024 Results 2,799 -38 -18 -11 -11.5 0 Jul 14, 2025 J-GAAP
Revision Rate -9.9% － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Prev 6,360 244 260 205 205.9 40 Jan 14, 2025 J-GAAP
Nov, 2025 New 5,790 10 38 24 24.1 44 Jul 14, 2025 J-GAAP
Revision Rate -9.0% -95.9% -85.4% -88.3% -88.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 3,000 35 59 112 112.9 30 Jan 14, 2025 J-GAAP
Jun - Nov, 2025 Guidance 2,991 48 56 35 35.2 44 Jul 14, 2025 J-GAAP
YoY -0.3% +37.1% -5.1% -68.8% -68.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 6,142 188 238 203 203.9 30 Jan 12, 2024 J-GAAP
Nov, 2024 5,913 93 142 170 171.3 30 Jan 14, 2025 J-GAAP
Nov, 2025 Guidance 5,790 10 38 24 24.1 44 Jul 14, 2025 J-GAAP
YoY -2.1% -89.2% -73.2% -85.9% -85.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Mar - May, 2024 1,475 20 34 24 24.4 1.4 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 1,446 4 16 11 11.2 0.3 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 1,554 31 43 101 101.8 2.0 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 1,374 -29 -19 -14 -15.0 -2.1 Apr 14, 2025 J-GAAP
Mar - May, 2025 1,425 -9 1 3 3.1 -0.6 Jul 14, 2025 J-GAAP
YoY -3.4% － -97.1% -87.5% -87.1%

Related Articles