Koshidaka Holdings Co (2157) investor relations material

Executive summary

• Net sales rose 8.3% year-over-year to ¥16,354 million for the first quarter, but operating profit fell 59.9% to ¥292 million and ordinary profit dropped 52.3% to ¥338 million due to the absence of last year's major collaboration program and higher fixed costs.

• Profit attributable to owners of parent increased 41.8% year-over-year to ¥668 million, supported by extraordinary income from real estate sales.

• Comprehensive income grew 27.4% year-over-year to ¥701 million.

• Karaoke segment saw continued store openings, but existing store sales fell 1.8% year-over-year; excluding collaboration sales, existing store sales rose 0.3%.

• Interim and year-end dividends planned at 13 yen each, marking a fifth consecutive annual increase.

Financial highlights

• Net sales: ¥16,354 million (up 8.3% year-over-year), 2% below forecast.

• Operating profit: ¥292 million (down 59.9% year-over-year), achieving only 35.7% of forecast.

• Ordinary profit: ¥338 million (down 52.3% year-over-year).

• Profit attributable to owners of parent: ¥668 million (up 41.8% year-over-year), aided by a gain on sale of non-current assets.

• Net income per share: ¥8.12 (up 40.3% year-over-year).

Outlook and guidance

• Full-year forecast maintained: net sales ¥82,544 million (+19.0% YoY), operating profit ¥12,966 million (+13.8% YoY), ordinary profit ¥12,911 million (+11.3% YoY), profit attributable to owners of parent ¥7,500–9,493 million (+42.6–80.5% YoY).

• Karaoke business expects a 1% YoY increase in existing store sales in Japan and full-year contribution from newly acquired stores.

• Dividend forecast raised to 26 yen per share for FY8/2026.