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Kawasaki Geological Engineering, 28% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Wed Jan 14, 2026 3:00 pm JST Earnings

4673 Kawasaki Geological Engineering Co., Ltd. 【J-GAAP】

Earnings Report

Kawasaki Geological Engineering Co., Ltd. <4673> [TSE Std] announced its financial results in the afternoon session on January 14th (15:00). The consolidated ordinary profit for the fiscal year ended November 2025 expanded to 41.7% from the previous period to 737 million yen. However, for the fiscal year ending November 2026, the consolidated ordinary profit is expected to decrease by 28.1% from the previous period to 530 million yen.

At the same time, the company increased the annual dividend for the previous term from 50 yen to 145 yen (compared to 50 yen in the prior term), and has decided to reduce the dividend this fiscal year to 80 yen, a decrease of 65 yen from the previous fiscal year.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary profit significantly dropped to 66 million yen, a 77.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.9% in the same period last year to 1.8%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 9,292 115 190 157 181.3 50 Jan 12, 2024 J-GAAP
Nov, 2024 9,559 431 520 353 406.1 50 Jan 14, 2025 J-GAAP
Nov, 2025 12,708 665 737 620 711.5 145 Jan 14, 2026 J-GAAP
YoY +32.9% +54.3% +41.7% +75.6% +75.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Guidance 12,500 610 679 542 621.2 50 Oct 15, 2025 J-GAAP
Nov, 2025 Results 12,708 665 737 620 711.5 145 Jan 14, 2026 J-GAAP
Revision Rate +1.7% +9.0% +8.5% +14.4% +14.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 5,227 284 327 313 359.5 25 Jul 11, 2025 J-GAAP
Dec - May, 2025 Guidance 5,500 240 280 180 206.3 25 Jan 14, 2026 J-GAAP
YoY +5.2% -15.5% -14.4% -42.5% -42.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 9,559 431 520 353 406.1 50 Jan 14, 2025 J-GAAP
Nov, 2025 12,708 665 737 620 711.5 145 Jan 14, 2026 J-GAAP
Nov, 2026 Guidance 10,500 450 530 340 389.7 80 Jan 14, 2026 J-GAAP
YoY -17.4% -32.3% -28.1% -45.2% -45.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 3,009 267 292 228 262.3 8.9 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 2,189 52 71 37 42.6 2.4 Apr 10, 2025 J-GAAP
Mar - May, 2025 3,038 232 256 276 317.0 7.6 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 3,745 314 344 223 256.0 8.4 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 3,736 67 66 84 96.4 1.8 Jan 14, 2026 J-GAAP
YoY +24.2% -74.9% -77.4% -63.2% -63.3%

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