K's Holdings (8282) Q3 2026 earnings summary

Executive summary

• Q3 FY3/2026 net sales rose 2.4% year-over-year, driven by strong PC and mobile phone demand, but operating profit declined 16.2% due to lower gross margins and higher personnel costs.

• Nine-month (Q3YTD) net sales increased 1.7% year-over-year to ¥564,400 million, with operating profit up 3.0% to ¥16,624 million and profit attributable to owners up 11.1% to ¥13,726 million.

• Comprehensive income for the nine months increased 12.1% year-over-year to ¥13,899 million.

• Store network remained stable with 557 stores at year-end, and average sales floor area per store at 3,700 m².

Financial highlights

• Q3 net sales: ¥187.7 billion (+2.4% YoY); operating profit: ¥3.6 billion (-16.2% YoY); net profit: ¥3.2 billion (-7.4% YoY).

• Q3YTD net sales: ¥564.4 billion (+1.7% YoY); operating profit: ¥16.6 billion (+3.0% YoY); net profit: ¥13.7 billion (+11.1% YoY).

• Gross profit for the nine-month period was ¥153,507 million, up from ¥152,351 million year-over-year.

• Basic earnings per share increased to ¥87.16 from ¥73.31 year-over-year.

• Total assets as of December 31, 2025, were ¥432,796 million, up from ¥422,682 million at the previous fiscal year-end.

Outlook and guidance

• FY3/2026 full-year forecast: net sales ¥755.0 billion (+2.3% YoY), operating profit ¥23.0 billion (+5.6% YoY), net profit ¥19.0 billion (+2.3% YoY).

• Full-year profit attributable to owners of parent forecast at ¥16,000 million (+5.0% YoY).

• Growth expected from PCs, mobile phones, and air conditioners; continued demand for replacement cycles and energy-saving appliances.

• Capital expenditure planned at ¥15.3 billion, including renovations.

• Annual dividend forecast is ¥46.00 per share, with no revisions to previously announced guidance.