Kandenko (1942) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 12.3% year-over-year to ¥511.6 billion, with operating profit up 39.4% to ¥58.5 billion and profit attributable to owners of parent up 45.0% to ¥46.2 billion.

• Orders received (non-consolidated) grew 11.4% year-over-year to ¥570.7 billion, driven by strong demand from general customers.

• Comprehensive income nearly doubled year-over-year, reaching ¥55,190 million, up from ¥28,536 million.

Financial highlights

• Gross profit margin improved from 14.1% to 16.2% year-over-year, with gross profit on completed construction contracts increasing from ¥64,124 million to ¥83,001 million.

• Ordinary profit rose 39.2% year-over-year to ¥60.3 billion.

• Earnings per share for the nine months ended December 31, 2025, was ¥226.23, up from ¥156.06 in the prior year.

• Equity ratio improved to 62.2% as of December 31, 2025, from 61.0% at the previous fiscal year-end.

• Total assets grew to ¥644,196 million as of December 31, 2025, from ¥603,220 million at the previous fiscal year-end.

Outlook and guidance

• Full-year consolidated net sales forecast revised upward to ¥735.0 billion, up 9.4% from the previous year.

• Operating profit forecast raised to ¥80.0 billion, up 37.2% year-over-year.

• Profit attributable to owners of the parent projected at ¥61.0 billion, up 43.9% year-over-year.

• Earnings per share for the full year projected at ¥298.43.

• Dividend forecast revised to ¥120 per share for the fiscal year ending March 31, 2026.