Ku Holdings Co (9856) Q4 2025 earnings summary

Executive summary

• Revenue increased by 3.5% year-over-year to ¥159,964 million, with net income attributable to shareholders rising 5.8% to ¥6,529 million.

• Operating profit grew 0.9% to ¥9,184 million, while ordinary profit rose 1.2% to ¥9,479 million year-over-year.

• The business environment saw modest economic recovery, but risks remain from geopolitical tensions and U.S. tariff policies, especially impacting the auto sector.

Financial highlights

• Gross profit reached ¥27,109 million, up from ¥26,656 million the previous year.

• Operating margin was 5.7%, down 0.2 points year-over-year; net margin improved to 4.1%.

• Cash and equivalents at year-end were ¥13,258 million, up from ¥10,199 million.

• Dividend per share increased to ¥64.00, with a payout ratio of 32.1%.

Outlook and guidance

• For the next fiscal year, revenue is forecast to decline 3.1% to ¥155,000 million, with net income expected to fall 9.6% to ¥5,900 million.

• Operating profit and ordinary profit are also projected to decrease by 6.4% and 8.2%, respectively.

• The company anticipates continued industry headwinds from demographic shifts and cost pressures.