Kamigumi (9364) Q2 2026 earnings summary

Executive summary

• Operating revenue for the six months ended September 30, 2025, rose 6.4% year-over-year to ¥146.5 billion, driven by growth in container handling volumes and temporary demand for certain cargo.

• Operating profit increased 14.3% year-over-year to ¥19.3 billion, with improved profit margins and higher equity method investment gains.

• Profit attributable to owners of parent grew 12.8% year-over-year to ¥15.2 billion, despite a decrease from last year's gains on sale of securities.

• Comprehensive income increased 66.6% year-over-year to ¥19.3 billion.

Financial highlights

• EBITDA for the six-month period reached ¥25.7 billion, up 9.8% year-over-year.

• Ordinary profit rose 15.0% year-over-year to ¥21.5 billion.

• Basic earnings per share increased to ¥150.54 from ¥126.98 in the prior year period.

• Operating revenue and profit exceeded initial forecasts by 3.2% and 18.4%, respectively.

• Free cash flow turned negative at -¥10.4 billion, down from ¥24.1 billion in the prior year period.

Outlook and guidance

• Full-year forecasts for the year ending March 31, 2026, were revised upward: operating revenue to ¥287.1 billion, operating profit to ¥35.0 billion, and profit attributable to owners of parent to ¥29.4 billion.

• Basic EPS forecast for the full year is ¥293.12.

• Dividend forecast for FY2026 is ¥185 per share.

• Second half forecasts remain unchanged, reflecting confidence in continued performance.

• Earnings forecast has been revised.