kabutan

Kawasaki Kisen, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 17%

Wed Nov 5, 2025 3:30 pm JST Earnings

9107 Kawasaki Kisen Kaisha, Ltd. 【J-GAAP】

Earnings Report

Kawasaki Kisen Kaisha, Ltd. <9107> [TSE Prime] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 68.1% from the same period last year to 59.6 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 16.7%, from the previous forecast of 120 billion yen to 100 billion yen (compared to 308 billion yen in the previous period), leading to an increase in the profit decline rate from 61.1% to 67.5%.

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 October to March period (second half) is expected to significant drop 66.6% from the same period last year to 40.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 37.9 billion yen, a 66.2% decrease compared to the same period last year. The operating profit margin decreased from 11.3% in the same period last year to 9.0%.

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 456,332 44,210 82,596 60,803 82.9 62.2 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 538,015 61,140 187,325 183,218 268.6 60.8 Nov 5, 2024 J-GAAP
Apr - Sep, 2025 500,565 42,955 59,669 68,632 108.6 59.7 Nov 5, 2025 J-GAAP
YoY -7.0% -29.7% -68.1% -62.5% -59.6%

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 489,500 46,500 67,000 74,000 117.1 60 Aug 4, 2025 J-GAAP
Apr - Sep, 2025 Results 500,565 42,955 59,669 68,632 108.6 60 Nov 5, 2025 J-GAAP
Revision Rate +2.3% -7.6% -10.9% -7.3% -7.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 968,000 90,000 120,000 115,000 181.9 120 Aug 4, 2025 J-GAAP
Mar, 2026 New 984,000 86,000 100,000 105,000 166.1 120 Nov 5, 2025 J-GAAP
Revision Rate +1.7% -4.4% -16.7% -8.7% -8.7%

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 509,929 41,715 120,764 122,166 184.1 50 May 7, 2025 J-GAAP
Oct - Mar, 2025 Guidance 483,435 43,045 40,331 36,368 57.5 60 Nov 5, 2025 J-GAAP
YoY -5.2% +3.2% -66.6% -70.2% -68.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 957,939 84,154 132,728 101,989 141.4 83.33 May 7, 2024 J-GAAP
Mar, 2025 1,047,944 102,855 308,089 305,384 460.1 100 May 7, 2025 J-GAAP
Mar, 2026 Guidance 984,000 86,000 100,000 105,000 166.1 120 Nov 5, 2025 J-GAAP
YoY -6.1% -16.4% -67.5% -65.6% -63.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 270,406 30,423 112,479 110,675 162.2 11.3 Nov 5, 2024 J-GAAP
Oct - Dec, 2024 266,944 31,105 101,529 101,493 150.9 11.7 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 242,985 10,610 19,235 20,673 31.2 4.4 May 7, 2025 J-GAAP
Apr - Jun, 2025 244,918 19,842 21,684 29,947 47.4 8.1 Aug 4, 2025 J-GAAP
Jul - Sep, 2025 255,647 23,113 37,985 38,685 61.2 9.0 Nov 5, 2025 J-GAAP
YoY -5.5% -24.0% -66.2% -65.0% -62.3%

Related Articles