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Kadokawa (9468) investor relations material
Kadokawa Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales rose 5.3% year-over-year to ¥68.3 billion, but operating profit dropped 45.5% to ¥1.26 billion due to higher costs and a one-time early retirement program expense.
Ordinary profit increased 2.5% to ¥2.41 billion, while net profit swung to a loss of ¥4.54 billion, mainly from extraordinary losses related to early retirement.
EBITDA declined 19.3% year-over-year to ¥3.61 billion.
Publication/IP Creation and Education/EdTech segments saw strong sales and profit growth, while Animation/Film and Gaming segments faced profit declines despite some sales gains.
Financial highlights
Net sales: ¥68.3 billion (+5.3% YoY); Operating profit: ¥1.26 billion (-45.5% YoY); Ordinary profit: ¥2.41 billion (+2.5% YoY); Net profit: -¥4.54 billion (down ¥7.4 billion YoY).
EBITDA fell 19.3% to ¥3.61 billion.
Extraordinary losses of ¥5.4 billion from a special early retirement program weighed on net profit.
Gross profit decreased to ¥22.61 billion from ¥23.44 billion YoY.
Earnings per share dropped to -30.90 yen from 19.51 yen YoY.
Outlook and guidance
Full-year net sales forecast is ¥300.3 billion (+6.1% YoY), with operating profit projected at ¥10.1 billion (+24.7%) and ordinary profit at ¥12.0 billion (+2.6%).
Full-year net profit forecast revised down to ¥1.0 billion due to extraordinary losses, but operating and ordinary profit forecasts maintained.
Fixed cost reductions of ¥1.1 billion expected from 2Q onward due to early retirement.
Segment forecasts unchanged: Publication/IP Creation and Animation/Film expected to drive growth; Gaming profit to decline.
- Profits fell despite higher sales, but reforms and acquisitions support a strong FY2027 outlook.9468
Q4 2026 - Profits fell sharply due to lower sales, cyberattack costs, and goodwill impairment.9468
Q3 2026 - Profits fell sharply on lower sales and goodwill amortization; outlook revised down.9468
Q2 2026 - Profits fell sharply year-over-year, but gaming and web services delivered strong growth.9468
Q1 2026 - Strong growth in games and anime offset cyberattack losses and web service declines.9468
Q2 2025 - Strong digital, anime, and game growth offset cyberattack impact; profit outlook trimmed.9468
Q1 2025 - Profit growth and a Sony alliance drive global IP expansion despite cyberattack impact.9468
Q3 2025 - Cyberattack hit profits, but strong gaming and animation drive FY2026 recovery outlook.9468
Q4 2025
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