Koshidaka Holdings Co (2157) Q2 2025 earnings summary

Executive summary

• Achieved record high first half operating profit, surpassing 5 billion yen, with net sales up 11.2% to 34,004 million yen, despite an 18.1% decline in profit attributable to owners due to one-time losses and the Singapore subsidiary liquidation.

• Karaoke segment sales rose 11.2% year-over-year, driven by new store openings domestically and internationally, including entries into Malaysia, Thailand, the U.S., and the Philippines.

• Real Estate Management and Other segments posted year-over-year sales and profit growth, with Real Estate Management profit up 112.1%.

• Dividend per share increased to 24 yen annually, marking the fourth consecutive year of growth and a new all-time high.

• Total assets grew 4.6% to 64,563 million yen, and net assets rose 12.1% to 34,041 million yen.

Financial highlights

• Net sales grew 11.2% year-over-year to 34,004 million yen; operating profit increased 5.8% to 5,114 million yen.

• Ordinary profit declined 4.4% to 5,300 million yen due to lower non-operating income; profit attributable to owners dropped 18.1% to 3,192 million yen, impacted by a 467 million yen loss from the Singapore subsidiary liquidation.

• Net income per share fell 18.4% to 38.97 yen.

• Expense ratio increased due to higher personnel and utility costs.

• Cash and cash equivalents at period end increased to 8,050 million yen, up 1,299 million yen from the previous fiscal year end.

Outlook and guidance

• FY8/2025 consolidated forecast projects net sales of 71,057 million yen (+12.3% YoY), operating profit of 11,578 million yen (+13.9%), and profit attributable to owners of 7,499 million yen (+11.3%).

• Dividend forecast for FY8/2025 is 24 yen per share, continuing the trend of steady increases.

• Plans to double the pace of store openings, expand the E-bo entertainment platform, and accelerate overseas growth, especially in Southeast Asia and the U.S.

• The company is accelerating service diversification to achieve its medium-term Entertainment Infrastructure Plan, targeting completion by FY2027.