Ku Holdings Co (9856) Q1 2026 earnings summary

Executive summary

• Revenue rose 10.3% year-over-year to ¥41,198 million for the first quarter, but operating profit fell 24.9% to ¥1,643 million and net profit attributable to shareholders dropped 24.9% to ¥1,147 million.

• Domestic economic conditions showed strong corporate performance and increased capital investment, but real wages declined, weakening consumer spending.

• The domestic new car market grew 6.4% and used car sales rose 0.8% year-over-year; imported new car registrations increased 9.7%.

Financial highlights

• Gross profit decreased to ¥6,448 million from ¥6,703 million year-over-year.

• Comprehensive income for the quarter was ¥1,139 million, down 25.9% year-over-year.

• EPS for the quarter was ¥34.92, down from ¥47.06 in the prior year.

• Total assets decreased to ¥88,068 million from ¥92,743 million at the previous fiscal year-end.

• Equity ratio improved to 76.1% from 72.6% at the previous year-end.

Outlook and guidance

• Full-year revenue is forecast at ¥155,000 million, a 3.1% decrease year-over-year.

• Operating profit is projected at ¥8,600 million (down 6.4%), ordinary profit at ¥8,700 million (down 8.2%), and net profit at ¥5,900 million (down 9.6%).

• No changes to previously announced full-year guidance.