JK Holdings (9896) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024, was ¥296.7 billion, up 0.5% year-over-year, driven by gains in both wholesale and retail building materials segments.

• Operating profit and net income declined year-over-year, but profit levels remain above pre-wood shock periods.

• M&A activity and business portfolio expansion contributed to higher sales and gross margin.

Financial highlights

• Revenue: ¥296.7 billion, up 0.5% year-over-year.

• Operating income: ¥6.1 billion, down 6.9% year-over-year.

• Ordinary profit: ¥6.5 billion, down 10.1% year-over-year.

• Net income attributable to parent: ¥3.8 billion, down 8.0% year-over-year.

• Gross profit increased slightly to ¥35,441 million, but operating margin compressed due to higher logistics and personnel costs.

Outlook and guidance

• Full-year revenue forecast: ¥400 billion, with 74.2% progress as of Q3.

• Ordinary profit forecast: ¥7 billion, with 92.5% progress.

• Net income forecast: ¥5 billion, with 76.2% progress.

• Annual dividend forecast raised to ¥45 per share.

• No changes have been made to the previously announced full-year forecast.