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KOKUSAI ELECTRIC, Net Income Forecast for the Fiscal Year Revised Downward by 23%

Tue Nov 11, 2025 2:30 pm JST Earnings

6525 KOKUSAI ELECTRIC CORPORATION 【IFRS】

Earnings Report

KOKUSAI ELECTRIC CORPORATION <6525> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on November 11th (14:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 13.8% from the same period last year to 15.5 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 22.5%, from the previous forecast of 36.0 billion yen to 27.9 billion yen (compared to 36.0 billion yen in the previous period), leading to an increase in the profit decline rate from 0.01% to 22.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop 31.2% from the same period last year to 12.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased 84.8% from the same period last year, reaching 8.78 billion yen. The operating profit margin rose from 19.4% in the same period last year to 19.9%.

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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 77,705 13,373 12,872 8,813 38.3 43.3 Nov 9, 2023 IFRS
Apr - Sep, 2024 114,548 27,440 27,942 18,053 77.1 55.0 Nov 11, 2024 IFRS
Apr - Sep, 2025 117,205 22,710 22,162 15,558 66.7 58.9 Nov 11, 2025 IFRS
YoY +2.3% -17.2% -20.7% -13.8% -13.4%

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 104,000 17,000 16,500 11,900 51.0 18 May 13, 2025 IFRS
Apr - Sep, 2025 Results 117,205 22,710 22,162 15,558 66.7 18 Nov 11, 2025 IFRS
Revision Rate +12.7% +33.6% +34.3% +30.7% +30.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 244,000 49,200 48,400 36,000 154.2 36 May 13, 2025 IFRS
Mar, 2026 New 230,000 38,800 37,600 27,900 119.5 36 Nov 11, 2025 IFRS
Revision Rate -5.7% -21.1% -22.3% -22.5% -22.5%

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 124,385 23,880 22,847 17,951 77.1 19 May 13, 2025 IFRS
Oct - Mar, 2025 Guidance 112,795 16,090 15,438 12,342 52.9 18 Nov 11, 2025 IFRS
YoY -9.3% -32.6% -32.4% -31.2% -31.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 180,838 30,745 29,757 22,374 96.8 11 May 10, 2024 IFRS
Mar, 2025 238,933 51,320 50,789 36,004 154.6 37 May 13, 2025 IFRS
Mar, 2026 Guidance 230,000 38,800 37,600 27,900 119.5 36 Nov 11, 2025 IFRS
YoY -3.7% -24.4% -26.0% -22.5% -22.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 49,324 9,562 10,195 4,751 20.3 19.4 Nov 11, 2024 IFRS
Oct - Dec, 2024 60,117 12,274 11,241 8,004 34.3 20.4 Feb 7, 2025 IFRS
Jan - Mar, 2025 64,268 11,606 11,606 9,947 42.7 18.1 May 13, 2025 IFRS
Apr - Jun, 2025 51,789 9,717 9,322 6,776 29.1 18.8 Aug 7, 2025 IFRS
Jul - Sep, 2025 65,416 12,993 12,840 8,782 37.7 19.9 Nov 11, 2025 IFRS
YoY +32.6% +35.9% +25.9% +84.8% +85.7%

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