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KITAKEI, First Half Ordinary Profit Decreases by 12%, Mar-May Ordinary Profit Decreases by 20%

Wed Jul 2, 2025 4:00 pm JST Earnings

9872 KITAKEI CO.,LTD 【J-GAAP】

Earnings Report

KITAKEI CO.,LTD <9872> [TSE Std] announced its financial results after the market closed on July 2nd (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending November 2025 (December 2024 to May 2025) decreased 11.9% from the same period last year to 0.52 billion yen. Progress toward the full-year plan of 1.10 billion yen was 47.7%, also falling below the five-year average of 52.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the June to November period (second half) is expected to grow 15.0% from the same period last year, reaching 0.57 billion yen.

In the most recent three-month period, from March to May (2Q), the ordinary profit decreased to 0.22 billion yen, a 19.9% decrease compared to the same period last year. The operating profit margin worsened from 1.6% in the same period last year to 1.2%.

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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
Dec - May, 2022 30,890 473 573 390 42.1 48.9 Jul 3, 2023 J-GAAP
Dec - May, 2023 30,041 502 596 375 40.5 54.4 Jul 3, 2024 J-GAAP
Dec - May, 2024 30,416 433 525 325 35.1 47.7 Jul 2, 2025 J-GAAP
YoY +1.2% -13.7% -11.9% -13.3% -13.4%

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 30,100 450 540 350 37.7 0 Dec 27, 2024 J-GAAP
Dec - May, 2024 Results 30,416 433 525 325 35.1 0 Jul 2, 2025 J-GAAP
Revision Rate +1.0% -3.8% -2.8% -7.1% -7.0%

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 31,245 418 500 343 37.0 28 Dec 27, 2024 J-GAAP
Jun - Nov, 2025 Guidance 31,084 487 575 395 42.6 28 Jul 2, 2025 J-GAAP
YoY -0.5% +16.5% +15.0% +15.2% +15.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 62,368 974 1,172 812 87.6 36.50 Dec 28, 2023 J-GAAP
Nov, 2024 61,286 920 1,096 718 77.5 28 Dec 27, 2024 J-GAAP
Nov, 2025 Guidance 61,500 920 1,100 720 77.6 28 Dec 27, 2024 J-GAAP
YoY +0.3% 0.0% +0.4% +0.3% +0.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Mar - May, 2024 14,910 235 277 173 18.7 1.6 Jul 3, 2024 J-GAAP
Jun - Aug, 2024 14,793 176 215 133 14.4 1.2 Oct 3, 2024 J-GAAP
Sep - Nov, 2024 16,452 242 285 210 22.7 1.5 Dec 27, 2024 J-GAAP
Dec - Feb, 2024 15,701 253 303 190 20.5 1.6 Apr 3, 2025 J-GAAP
Mar - May, 2025 14,715 180 222 135 14.6 1.2 Jul 2, 2025 J-GAAP
YoY -1.3% -23.4% -19.9% -22.0% -22.0%

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