KFC (3420) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, was ¥19,142 million, a 0.3% increase year-over-year.

• Operating income declined 17.2% year-over-year to ¥648 million, and ordinary income fell 16.4% to ¥727 million.

• Net income attributable to shareholders was ¥525 million, down 11.9% year-over-year.

• Economic conditions showed moderate recovery, but construction industry faced labor shortages and rising material costs.

Financial highlights

• Gross profit was ¥4,706 million, down from ¥4,933 million year-over-year.

• Comprehensive income rose to ¥821 million, a 30.2% increase year-over-year.

• EPS for the period was ¥71.41, compared to ¥81.07 in the prior year.

• Total assets increased 5.0% to ¥30,282 million from the previous fiscal year-end.

• Net assets rose 1.6% to ¥21,592 million, with equity ratio at 71.3%.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥26,500 million, up 1.6% year-over-year.

• Operating income projected at ¥1,450 million (+6.7%), ordinary income at ¥1,550 million (+6.2%), and net income at ¥1,070 million (+7.3%).

• Annual dividend forecast is ¥65 per share.