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Revision of earnings forecasts3420KFC LtdConstruction and Materials

Notice Regarding Revisions to the Earnings Forecast for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027

While the forecast for net sales for the second quarter (interim period) of the fiscal year ending March 2027 remains unchanged, profit forecasts have been significantly raised on both a consolidated and non-consolidated basis to reflect the timing of construction revenue recognition and budget revisions for large-scale construction projects.

Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
148.1
%
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Second quarter (interim period) (1 April 2026 to 30 September 2026)Previous forecast published 14 May 2026
Net SalesConsolidated12,000→12,000million
0.0%
Net SalesIndividual11,500→11,500million
0.0%
Operating profitConsolidated350→860million
+145.7%
Operating profitIndividual—→—million
—
Ordinary incomeConsolidated400→960million
+140.0%
Ordinary incomeIndividual370→850million
+129.7%
Profit attributable to owners of the parentConsolidated (interim net income attributable to owners of the parent)270→670million
+148.1%
Profit attributable to owners of the parentNon-consolidated (interim net income)250→640million
+156.0%
Net income per shareConsolidated (interim net income per share)—→—yen
—
Net income per shareNon-consolidated (interim net income per share)—→—yen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

Operating income, ordinary income, and interim net income attributable to owners of the parent are expected to exceed the previously announced forecasts because construction revenue in the Fastener Business that was scheduled to be recognized in the second half is now expected to be recognized in the first half, profits in the Construction Business are expected to exceed the initial assumptions following budget revisions for large-scale construction projects, and selling, general and administrative expenses are expected to be incurred in the second half later than initially assumed.

Previous-period resultsConsolidated: net sales of ¥12,284 million, operating income of ¥265 million, ordinary income of ¥319 million, interim net income attributable to owners of the parent of ¥215 million, and interim net income per share of ¥29.26. Non-consolidated: net sales of ¥10,827 million, ordinary income of ¥138 million, interim net income of ¥97 million, and interim net income per share of ¥13.25 (second quarter of the fiscal year ended March 2026)
Consolidated / non-consolidatedConsolidated and non-consolidated
Revised forecast
ItemDetails
Net SalesConsolidated 12,000 / Individual 11,500 → Consolidated 12,000 / Individual 11,500(Consolidated 0 / Individual 0)
Operating profitConsolidated 350 / Individual Not disclosed → Consolidated 860 / Individual Not disclosed(Consolidated 145.7 / Individual Not disclosed)
Ordinary incomeConsolidated 400 / Individual 370 → Consolidated 960 / Individual 850(Consolidated 140 / Individual 129.7)
Profit attributable to owners of the parentConsolidated (interim net income attributable to owners of the parent) 270 / Non-consolidated (interim net income) 250 → Consolidated (interim net income attributable to owners of the parent) 670 / Non-consolidated (interim net income) 640(Consolidated (interim net income attributable to owners of the parent) 148.1 / Non-consolidated (interim net income) 156)
Net income per shareConsolidated (interim net income per share) ¥36.69 / Non-consolidated (interim net income per share) ¥33.97 → Consolidated (interim net income per share) ¥91.04 / Non-consolidated (interim net income per share) ¥86.96
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSecond quarter (interim period) (1 April 2026 to 30 September 2026)
Publication date of previous forecast14 May 2026
Previous-period resultsConsolidated: net sales of ¥12,284 million, operating income of ¥265 million, ordinary income of ¥319 million, interim net income attributable to owners of the parent of ¥215 million, and interim net income per share of ¥29.26. Non-consolidated: net sales of ¥10,827 million, ordinary income of ¥138 million, interim net income of ¥97 million, and interim net income per share of ¥13.25 (second quarter of the fiscal year ended March 2026)
Reason for the revisionOperating income, ordinary income, and interim net income attributable to owners of the parent are expected to exceed the previously announced forecasts because construction revenue in the Fastener Business that was scheduled to be recognized in the second half is now expected to be recognized in the first half, profits in the Construction Business are expected to exceed the initial assumptions following budget revisions for large-scale construction projects, and selling, general and administrative expenses are expected to be incurred in the second half later than initially assumed.
Consolidated / non-consolidatedConsolidated and non-consolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Profit is expected to exceed the initial forecast because construction revenue in the Fastener Business that was scheduled to be recognized in the second half is now expected to be recognized in the first half, profits in the Construction Business are expected to exceed the initial assumptions following budget revisions for large-scale construction projects, and selling, general and administrative expenses are expected to be incurred in the second half later than initially assumed.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to the Earnings Forecast for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 | KFC Ltd (3420) timely disclosure | Komori