Koshidaka Holdings Co (2157) Q4 2026 earnings summary

Executive summary

• FY26 net sales reached a record ¥80,401m (+15.9%); operating profit was ¥10,771m (-5.5%) and ordinary profit was ¥11,003m (-5.1%), both below forecast.

• Profit attributable to owners of parent rose 20.7% to ¥6,346m; results included a ¥2,970m impairment loss and ¥1,010m gain on asset sales.

• The karaoke network exceeded 800 locations including overseas stores after the Standard acquisition; multi-brand expansion and new entertainment offerings continued.

Financial highlights

• Net sales rose ¥11,014m to ¥80,401m, reaching 97.9% of forecast; gross profit increased 4.8% to ¥19,250m.

• SG&A rose 21.4% to ¥8,478m from ¥6,980m, outpacing gross profit growth as personnel and other costs increased.

• Operating profit fell 5.5% to ¥10,771m, 91.0% of forecast; ordinary profit declined 5.1% to ¥11,003m, 91.4% of forecast.

• Parent profit increased 20.7% to ¥6,346m, 98.3% of forecast; EPS rose 19.2% to ¥76.31.

• Profit before income taxes increased to ¥8.76bn from ¥7.26bn; income taxes were ¥2.40bn, including a ¥2.62bn deferred tax benefit.

Outlook and guidance

• FY27 forecast: sales ¥90,358m (+12.4%), operating profit ¥12,604m (+17.0%), ordinary profit ¥12,322m (+12.0%) and parent profit ¥7,142m (+12.5%).

• FY27 first-half forecast: sales ¥43.40bn (+11.5%), operating profit ¥6.00bn (+19.9%) and parent profit ¥3.87bn (-0.4%).

• FY27 plan outlines a ¥300bn sales blueprint: domestic karaoke ¥150bn, overseas operations ¥100bn, and new private entertainment room formats and related businesses ¥50bn.

• Japan karaoke same-store sales are forecast to rise 5%; guidance includes ¥8,800m Standard sales and ¥160m operating profit after goodwill amortization, plus ¥1,400m sales and ¥230m operating profit from Koshidaka Malaysia.