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KFC (3420) investor relations material
KFC Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 revenue fell 13.0% YoY to ¥10.69bn, while operating profit rose 116.3% to ¥575m, ordinary profit rose 110.0% to ¥670m and net income rose 112.3% to ¥457m.
Profitability benefited from completing additional contract agreements on certain large construction projects, including work started ahead of contract finalization.
Financial highlights
H1 revenue was ¥10.69bn versus ¥12.28bn a year earlier; operating profit was ¥575m versus ¥265m, ordinary profit ¥670m versus ¥319m, and net income ¥457m versus ¥215m.
Comprehensive income increased to ¥701m from ¥400m, including a ¥255m gain in other securities valuation differences.
Outlook and guidance
FY2027 guidance remains unchanged: revenue ¥27.0bn, operating profit ¥1.50bn, ordinary profit ¥1.60bn and net income ¥1.08bn.
FY2027 EPS guidance is ¥146.75; the forecast full-year dividend is ¥70 per share, versus ¥65 for FY2026.
- FY2023 earnings fell on project delays and cost inflation; FY2024 guidance projects a revenue rebound.3420
Q4 2023 - Net income jumped 122.9% year-over-year despite a 7.0% revenue decline in Q1 FY2027.3420
Q1 2027 - Sales up 16.5% year-over-year, but higher costs resulted in a quarterly net loss.3420
Q1 2025 - Revenue up 7.6% YoY, profit down over 50% on higher costs; outlook and dividend unchanged.3420
Q2 2025 - Revenue up 5.2% year-over-year, but net income down 2.2% on higher costs.3420
Q3 2025 - Revenue up 4.0% YoY, profits down; FY2026 sees modest growth and a ¥60 dividend.3420
Q4 2025 - Q1 FY2026 saw 8.4% revenue growth and a return to profitability, with guidance maintained.3420
Q1 2026 - Net income surged 126.3% year-over-year, driven by strong construction and fastener sales.3420
Q2 2026 - Revenue fell 2.0%, but net income rose and strong profit growth is forecast for next year.3420
Q4 2026
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