Earnings Presentation Materials for the Fiscal Year Ending March 2026 | KVK CORPORATION (6484) timely disclosure

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80Important

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

1250

¥ million (year-on-year change in net sales)

Wording

Conditional

How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ended March 2026 (79th fiscal year)12 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥30,899 million+4.2%

Operating profit¥2,711 million+1.9%

Ordinary income¥3,074 million+0.1%

Net income¥2,189 million+3.7%

Selling, general and administrative expenses¥5,054 million

Operating profit margin8.8%, down 0.2 percentage points year on year

Results for the three months of the current quarter

Fourth quarter of the fiscal year ended March 2026

Net Sales

¥8,023 million

Year on year against the same period last year+4.6％

Operating profit

¥652 million

Year on year against the same period last year-21.0％

Ordinary income

¥671 million

Quarterly net income

¥511 million

Full-year earnings forecast

Fiscal year ending March 2027

Net Sales

¥31,500 million

Operating profit

¥2,800 million

Ordinary income

¥3,200 million

Net income for the current fiscal year

¥2,200 million

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Under the previous medium-term management plan, the revenue target was achieved, while the operating margin and ROE targets were not achieved

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Sales impact+¥609 million
Foreign Exchange Effects-¥8 million
Increase in SG&A expenses-¥110 million
Cost deterioration-¥440 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Assumed exchange rate (fiscal year ended March 2026)21 JPY/CNY
Copper price (beginning of period)1,540 Yen/kg
Copper price (end of period)2,040 Yen/kg

New initiatives

Formulation of a new three-year medium-term management plan beginning with the fiscal year ending March 2027
Launch of high-value-added products KIERRE and REUNA
Expansion of color variations for washbasin faucets
Launch of multi-renovation faucets with water-repellent coating as a standard feature
Launch of Logmi Finance earnings call transcription publication
Introduction of Shareholder Passport, provided by Sumitomo Mitsui Trust Bank

Key KPIsA metric the company considers important as a management benchmark.

Domestic market share21 ％
Year on year against the same period last year+1.2 percentage points
Inventory value¥4,561 million
Year on year against the same period last year+¥311 million
Current ratio406 ％
Year on year against the same period last year+123.9 percentage points
Equity ratio84.8 ％
Year on year against the same period last year+6.7 percentage points
Net assets per share¥3,836.83
Year on year against the same period last year+¥299.39
ROE7.4 ％
Year on year against the same period last year-0.2 percentage points
PBR0.63 times
Year on year against the same period last year+0.1 percentage points year on year

Medium-term management plan targets

Previous medium-term management plan (2023-2025)

Sales Target¥30.5 billion (revised downward from ¥36.0 billion at the time of formulation)

Operating profit margin target10.0％

ROE target10.0％

Actual resultsRevenue of ¥30,899 million, operating margin of 8.8%, ROE of 7.4%

New Medium-Term Management PlanA three-year plan beginning with the fiscal year ending March 2027 was formulated. Specific target figures are Not disclosed

Financial targets

ROE

Target10.0% (previous medium-term management plan)

Actual results7.4％

Equity ratio

Actual results84.8％

PBR

Actual results0.63 times

Market Size / Share

Domestic market share21 ％

StandardFiscal year ended March 2026, volume basis

Year on year against the same period last year+1.2 percentage points

Number of employees

Number of Employees1,175 people

Record date31 March 2026

Changes during the period and hiring plan17 mid-career hires

Capital expenditures

¥1,039 million

Annual Dividend

Fiscal year ending March 2026

Annual¥80 per share

Interim¥40 per share

End of period¥40 per share

Planned for the fiscal year ending March 2027

Annual¥85 per share

Interim¥40 per share

End of period¥45 per share

Payout ratio

Fiscal year ending March 202629.3 ％

Planned for the fiscal year ending March 202731 ％

Contents of this document
Item	Details
Document type	Earnings presentation
Fiscal Period Covered	Fiscal year ended March 2026 (79th fiscal year)
Net Sales	¥30,899 million (YoY +4.2%)
Operating profit	¥2,711 million (YoY +1.9%)
Ordinary income	¥3,074 million (YoY +0.1%)
Net income	¥2,189 million (YoY +3.7%)
Operating profit margin	8.8%, down 0.2 percentage points year on year
Selling, general and administrative expenses	¥5,054 million
Results for the three months of the current quarter	Subject Fourth quarter of the fiscal year ended March 2026 / Net Sales ¥8,023 million / Operating profit ¥652 million / Ordinary income ¥671 million / Quarterly net income ¥511 million
Full-year earnings forecast	Fiscal year ending March 2027 Net Sales ¥31,500 million / Operating profit ¥2,800 million / Ordinary income ¥3,200 million / Net income for the current fiscal year ¥2,200 million
Self-assessment against the plan	Under the previous medium-term management plan, the revenue target was achieved, while the operating margin and ROE targets were not achieved
Breakdown of Factors Affecting the Change	Factors Sales impact / Amount +¥609 million, Factors Foreign Exchange Effects / Amount -¥8 million, Factors Increase in SG&A expenses / Amount -¥110 million, Factors Cost deterioration / Amount -¥440 million
Key KPIs	Indicator name Domestic market share / Value 21 ％ / Year on year against the same period last year +1.2 percentage points, Indicator name Inventory value / Value ¥4,561 million / Year on year against the same period last year +¥311 million, Indicator name Current ratio / Value 406 ％ / Year on year against the same period last year +123.9 percentage points, Indicator name Equity ratio / Value 84.8 ％ / Year on year against the same period last year +6.7 percentage points, Indicator name Net assets per share / Value ¥3,836.83 / Year on year against the same period last year +¥299.39, Indicator name ROE / Value 7.4 ％ / Year on year against the same period last year -0.2 percentage points, Indicator name PBR / Value 0.63 times / Year on year against the same period last year +0.1 percentage points year on year
Number of employees	Number of Employees 1,175 people / Record date 31 March 2026 / Changes during the period and hiring plan 17 mid-career hires
Assumptions Underlying the Business Outlook	Item Assumed exchange rate (fiscal year ended March 2026) / Value 21 JPY/CNY, Item Copper price (beginning of period) / Value 1,540 Yen/kg, Item Copper price (end of period) / Value 2,040 Yen/kg
Medium-term management plan targets	Previous medium-term management plan (2023-2025) Sales Target ¥30.5 billion (revised downward from ¥36.0 billion at the time of formulation) / Operating profit margin target 10.0％ / ROE target 10.0％ / Actual results Revenue of ¥30,899 million, operating margin of 8.8%, ROE of 7.4% / New Medium-Term Management Plan A three-year plan beginning with the fiscal year ending March 2027 was formulated. Specific target figures are Not disclosed
Financial targets	ROE Target 10.0% (previous medium-term management plan) / Actual results 7.4％ / Equity ratio Actual results 84.8％ / PBR Actual results 0.63 times
Annual Dividend	Fiscal year ending March 2026 Annual ¥80 per share / Interim ¥40 per share / End of period ¥40 per share / Planned for the fiscal year ending March 2027 Annual ¥85 per share / Interim ¥40 per share / End of period ¥45 per share
Payout ratio	Fiscal year ending March 2026 29.3 ％ / Planned for the fiscal year ending March 2027 31 ％
Capital expenditures	¥1,039 million
Market Size / Share	Domestic market share 21 ％ / Standard Fiscal year ended March 2026, volume basis / Year on year against the same period last year +1.2 percentage points
New initiatives	Formulation of a new three-year medium-term management plan beginning with the fiscal year ending March 2027, Launch of high-value-added products KIERRE and REUNA, Expansion of color variations for washbasin faucets, Launch of multi-renovation faucets with water-repellent coating as a standard feature, Launch of Logmi Finance earnings call transcription publication, Introduction of Shareholder Passport, provided by Sumitomo Mitsui Trust Bank

Items this document does not state (9)

Gross Profit MarginProgress against full-year forecastSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A

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.

Revenue increased due to higher orders for core single-lever and thermostatic faucets. Operating profit increased with higher revenue, but cost of sales deteriorated due to soaring raw material prices and higher supplier costs. The receipt of subsidies related to the acquisition of land and buildings for the construction of a new plant also contributed to increases in ordinary profit and net income.

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