JK Holdings (9896) Q2 2026 earnings summary

Executive summary

• Revenue increased year-over-year to ¥193.3 billion, but all profit levels declined and fell short of plan; efforts are underway to achieve full-year targets and a new three-year mid-term plan was launched to strengthen core businesses and capital efficiency.

• The mainstay wholesale business drove revenue growth, supported by prior M&A, while manufacturing saw expanded losses and is accelerating restructuring.

Financial highlights

• Consolidated revenue for the second quarter was ¥193.3 billion, up 1.4% year-over-year but 0.9% below plan.

• Operating income fell 7.4% year-over-year to ¥3,040 million, recurring profit was ¥3.3 billion (down 4.2% YoY), and net income attributable to parent was ¥1.8 billion (down 5.8% YoY and 19.4% below plan).

• Gross profit rose to ¥23,350 million from ¥22,895 million year-over-year, and gross margin improved to 12.1% from 12.0% YoY.

• Interim dividend per share was ¥25, with a year-end forecast of ¥30; full-year dividend forecast is ¥55 per share.

Outlook and guidance

• Full-year forecast targets revenue of ¥405 billion (+3.0% YoY), recurring profit of ¥8.0 billion (+2.6% YoY), and net income of ¥5.0 billion (+16.7% YoY); guidance remains unchanged.

• Aims to surpass ¥400 billion in annual sales again, focusing on expanding share in existing and adjacent businesses and further M&A.

• Dividend forecast is ¥55 per share, up ¥10 year-over-year, with a payout ratio target of 30%+.