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KEIHIN CO, First Half Ordinary Profit Increases by 25%

Thu Nov 6, 2025 2:00 pm JST Earnings

9312 THE KEIHIN CO., LTD. 【J-GAAP】

Earnings Report

THE KEIHIN CO., LTD. <9312> [TSE Std] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 25.1% from the same period last year, reaching 2.00 billion yen, exceeded the previous forecast of 1.65 billion yen.

Progress toward the full-year plan of 3.30 billion yen was 60.8%, also surpassing the five-year average of 52.3%.

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 October to March period (second half) is expected to decrease 13.6% from the same period last year to 1.29 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 53.0% from the same period last year, reaching 0.93 billion yen. The operating profit margin improved from 5.1% in the same period last year to 7.0%.

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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
Apr - Sep, 2023 23,881 1,422 1,555 1,034 158.5 52.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 24,911 1,510 1,604 1,099 168.5 51.7 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 25,398 1,849 2,007 1,365 209.1 60.8 Nov 6, 2025 J-GAAP
YoY +2.0% +22.5% +25.1% +24.2% +24.1%

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 25,000 1,550 1,650 1,100 168.5 － May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 25,398 1,849 2,007 1,365 209.1 － Nov 6, 2025 J-GAAP
Revision Rate +1.6% +19.3% +21.6% +24.1% +24.1%

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 25,541 1,388 1,497 1,089 166.9 80 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 25,602 1,301 1,293 835 127.9 80 Nov 6, 2025 J-GAAP
YoY +0.2% -6.3% -13.6% -23.3% -23.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 46,520 2,668 2,988 2,049 313.9 70 May 10, 2024 J-GAAP
Mar, 2025 50,452 2,898 3,101 2,188 335.3 80 May 12, 2025 J-GAAP
Mar, 2026 Guidance 51,000 3,150 3,300 2,200 337.0 80 May 12, 2025 J-GAAP
YoY +1.1% +8.7% +6.4% +0.5% +0.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 12,923 660 609 426 65.3 5.1 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 13,456 880 993 692 106.0 6.5 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 12,085 508 504 397 60.8 4.2 May 12, 2025 J-GAAP
Apr - Jun, 2025 12,274 936 1,075 743 113.8 7.6 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 13,124 913 932 622 95.3 7.0 Nov 6, 2025 J-GAAP
YoY +1.6% +38.3% +53.0% +46.0% +45.9%

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