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Revisions to earnings forecasts9930KITAZAWA SANGYO CO.,LTD.Trading & Wholesale

Notice Regarding Variances from Forecast Figures for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 and Revisions to Full-Year Performance Forecasts

For the second quarter of the fiscal year ending March 2027, net sales, operating income and ordinary income fell below forecasts due mainly to a decline in the number of orders received, while interim net income exceeded the forecast because of gains on the sale of investment securities. Based on this, the company lowered its consolidated and non-consolidated full-year performance forecasts.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-35.1
%
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 15 May 2026
Net SalesInterim Consolidated7,450→6,679Millions of yen
-10.3%
Net SalesInterim Non-consolidated7,450→6,693Millions of yen
-10.2%
Net SalesFull-year consolidated15,550→14,330Millions of yen
-7.8%
Net SalesFull-year Non-consolidated15,550→14,360Millions of yen
-7.7%
Operating profitInterim Consolidated190→43Millions of yen
-77.4%
Operating profitFull-year consolidated470→305Millions of yen
-35.1%
Operating profitInterim Non-consolidated—→—Millions of yen
—
Operating profitFull-year Non-consolidated—→—Millions of yen
—
Ordinary incomeInterim Consolidated260→103Millions of yen
-60.4%
Ordinary incomeInterim Non-consolidated250→144Millions of yen
-42.4%
Ordinary incomeFull-year consolidated550→410Millions of yen
-25.5%
Ordinary incomeFull-year Non-consolidated532→440Millions of yen
-17.3%
Profit attributable to owners of the parentInterim Consolidated105→284Millions of yen
+170.5%
Profit attributable to owners of the parentInterim Non-consolidated100→325Millions of yen
+225.0%
Profit attributable to owners of the parentFull-year consolidated310→240Millions of yen
-22.6%
Profit attributable to owners of the parentFull-year Non-consolidated305→260Millions of yen
-14.8%
Net income per shareInterim Consolidated5.65→15.33Yen/sen
+171.3%
Net income per shareInterim Non-consolidated5.65→17.5Yen/sen
+209.7%
Net income per shareFull-year consolidated16.68→12.91Yen/sen
-22.6%
Net income per shareFull-year Non-consolidated16.4→13.99Yen/sen
-14.7%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Revised based on second-quarter (interim-period) performance, recent performance trends and future order trends, among other factors. During the interim period, the decline in the number of orders received for large-scale projects and weak sales to the prepared-foods market affected results, as did the decrease in net sales. Interim net income attributable to owners of the parent exceeded the forecast because gains on the sale of investment securities of ¥315 million were recorded.

Previous-period resultsConsolidated interim period: net sales of ¥6,980 million, operating income of ¥141 million, ordinary income of ¥213 million, interim net income attributable to owners of the parent of ¥112 million, and interim net income per share of ¥6.07. Non-consolidated interim period: net sales of ¥6,988 million, ordinary income of ¥225 million, interim net income of ¥130 million, and interim net income per share of ¥7.02. Consolidated full year: net sales of ¥14,031 million, operating income of ¥266 million, ordinary income of ¥367 million, net income attributable to owners of the parent of ¥220 million, and net income per share of ¥11.85. Non-consolidated full year: net sales of ¥14,048 million, ordinary income of ¥419 million, net income of ¥292 million, and net income per share of ¥15.73.
Dividend forecast revisionA year-end dividend of ¥10 per share is planned, unchanged from the previously announced forecast.
Consolidated / non-consolidatedConsolidated/non-consolidated
Revised forecast
ItemDetails
Net SalesInterim Consolidated 7,450 / Interim Non-consolidated 7,450 / Full-year consolidated 15,550 / Full-year Non-consolidated 15,550 → Interim Consolidated 6,679 / Interim Non-consolidated 6,693 / Full-year consolidated 14,330 / Full-year Non-consolidated 14,360(Interim Consolidated -10.3 / Interim Non-consolidated -10.2 / Full-year consolidated -7.8 / Full-year Non-consolidated -7.7)
Operating profitInterim Consolidated 190 / Full-year consolidated 470 / Interim Non-consolidated Not disclosed / Full-year Non-consolidated Not disclosed → Interim Consolidated 43 / Full-year consolidated 305 / Interim Non-consolidated Not disclosed / Full-year Non-consolidated Not disclosed(Interim Consolidated -77.4 / Full-year consolidated -35.1 / Interim Non-consolidated Not disclosed / Full-year Non-consolidated Not disclosed)
Ordinary incomeInterim Consolidated 260 / Interim Non-consolidated 250 / Full-year consolidated 550 / Full-year Non-consolidated 532 → Interim Consolidated 103 / Interim Non-consolidated 144 / Full-year consolidated 410 / Full-year Non-consolidated 440(Interim Consolidated -60.4 / Interim Non-consolidated -42.4 / Full-year consolidated -25.5 / Full-year Non-consolidated -17.3)
Profit attributable to owners of the parentInterim Consolidated 105 / Interim Non-consolidated 100 / Full-year consolidated 310 / Full-year Non-consolidated 305 → Interim Consolidated 284 / Interim Non-consolidated 325 / Full-year consolidated 240 / Full-year Non-consolidated 260(Interim Consolidated 170.5 / Interim Non-consolidated 225 / Full-year consolidated -22.6 / Full-year Non-consolidated -14.8)
Net income per shareInterim Consolidated 5.65 / Interim Non-consolidated 5.65 / Full-year consolidated 16.68 / Full-year Non-consolidated 16.4 → Interim Consolidated 15.33 / Interim Non-consolidated 17.5 / Full-year consolidated 12.91 / Full-year Non-consolidated 13.99
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSecond quarter (interim period) and full year
Publication date of previous forecast15 May 2026
Previous-period resultsConsolidated interim period: net sales of ¥6,980 million, operating income of ¥141 million, ordinary income of ¥213 million, interim net income attributable to owners of the parent of ¥112 million, and interim net income per share of ¥6.07. Non-consolidated interim period: net sales of ¥6,988 million, ordinary income of ¥225 million, interim net income of ¥130 million, and interim net income per share of ¥7.02. Consolidated full year: net sales of ¥14,031 million, operating income of ¥266 million, ordinary income of ¥367 million, net income attributable to owners of the parent of ¥220 million, and net income per share of ¥11.85. Non-consolidated full year: net sales of ¥14,048 million, ordinary income of ¥419 million, net income of ¥292 million, and net income per share of ¥15.73.
Reason for the revisionRevised based on second-quarter (interim-period) performance, recent performance trends and future order trends, among other factors. During the interim period, the decline in the number of orders received for large-scale projects and weak sales to the prepared-foods market affected results, as did the decrease in net sales. Interim net income attributable to owners of the parent exceeded the forecast because gains on the sale of investment securities of ¥315 million were recorded.
Dividend forecast revisionA year-end dividend of ¥10 per share is planned, unchanged from the previously announced forecast.
Consolidated / non-consolidatedConsolidated/non-consolidated
Items this document does not state (1)
Details and amount of extraordinary loss

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.

During the interim period, net sales fell below the forecast due to a decline in the number of orders received for large-scale projects in the commercial kitchen-related business and weak sales to the prepared-foods market, including food processing plants and supermarkets. Operating income and ordinary income also fell below forecasts due to the impact of lower net sales, but interim net income attributable to owners of the parent exceeded the forecast because gains on the sale of investment securities of ¥315 million were recorded. The full-year forecasts were revised based on interim-period results, recent performance trends and future order trends, among other factors.

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Notice Regarding Variances from Forecast Figures for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 and Revisions to Full-Year Performance Forecasts | KITAZAWA SANGYO CO.,LTD. (9930) timely disclosure | Komori