Kamigumi (9364) Q4 2025 earnings summary

Executive summary

• Operating revenue rose 4.6% year-over-year to ¥279.2 billion, with operating profit up 8.2% to ¥33.1 billion and profit attributable to owners of parent up 7.6% to ¥26.9 billion, driven by recovery in handling volumes and growth in spot transactions.

• Comprehensive income declined to ¥25,372 million from ¥36,252 million the previous year, mainly due to a negative swing in valuation difference on available-for-sale securities.

Financial highlights

• Operating revenue: ¥279.2 billion (+4.6% YoY); operating profit: ¥33.1 billion (+8.2% YoY); profit attributable to owners of parent: ¥26.9 billion (+7.6% YoY).

• Ordinary profit: ¥36.7 billion (+7.2% YoY).

• Basic earnings per share increased to ¥257.88 from ¥232.97 YoY.

• Operating gross profit margin improved to 19.9% from 19.1% YoY.

• Cash and cash equivalents at year-end increased to ¥95,509 million.

Outlook and guidance

• For the year ending March 31, 2026, operating revenue is forecast at ¥282.0 billion (+1.0%), with operating profit expected to decline to ¥32.0 billion (-3.3%) and profit attributable to owners of parent at ¥26.2 billion (-2.7%).

• Ordinary profit is projected at ¥35.6 billion (-2.9%).

• Annual dividend per share is projected to increase to ¥185.00, with a payout ratio of 71.5%.

• Decreasing price pass-through effect and large-scale repairs are cited as main factors for the expected profit decline.