Kinden (1944) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, rose 7.8% year-over-year to ¥321,378 million, with operating profit up 147.6% to ¥31,887 million and profit attributable to owners of parent up 130.3% to ¥22,603 million.

• All consolidated and non-consolidated results exceeded forecasts announced in April 2025, driven by strong construction orders and favorable market conditions.

Financial highlights

• Ordinary profit increased 138.0% year-over-year to ¥34,073 million; comprehensive income surged 287.8% to ¥29,461 million.

• Basic earnings per share rose to ¥114.06 from ¥48.92 year-over-year.

• Equity-to-asset ratio improved to 74.6% from 72.9% at the previous fiscal year-end.

• Cash and cash equivalents at period-end were ¥165,222 million, down ¥19,440 million from the previous year-end.

Outlook and guidance

• Full-year forecast for FY2026 revised upward: net sales projected at ¥742,000 million (+5.2% YoY), operating profit at ¥81,000 million (+32.8%), and profit attributable to owners of parent at ¥64,500 million (+36.5%).

• Annual dividend forecast raised to ¥120 per share, including commemorative dividends.