Kikusui Holdings (6912) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2025, increased 11.3% year-over-year to ¥10,414 million, driven by strong demand in GX, automotive, energy, semiconductor, and data center markets.

• Operating income rose 14.7% year-over-year to ¥1,583 million, and net income attributable to shareholders increased 16.9% to ¥1,166 million.

• Overseas sales grew 12.3% year-over-year, with notable strength in the US, China, Korea, and India, despite some weakness in Europe.

Financial highlights

• Gross profit for the period was ¥5,356 million, up from ¥4,938 million year-over-year.

• Comprehensive income more than doubled to ¥1,500 million from ¥742 million year-over-year.

• Total assets increased to ¥18,121 million, and net assets rose to ¥15,150 million, with an equity ratio of 83.6%.

• EPS for the period was ¥140.17, up from ¥120.15 year-over-year.

Outlook and guidance

• Full-year revenue is forecast at ¥13,500 million, up 0.5% year-over-year, with operating income of ¥2,050 million and net income of ¥1,450 million.

• No changes to previously announced full-year guidance; management will promptly disclose any revisions if necessary.