Kyoritsu Maintenance (9616) Q1 2026 earnings summary

Executive summary

• Achieved record operating profit of ¥4.4 billion in Q1 FY3/26, up 17.7% year-over-year, with five consecutive years of sales and profit growth.

• Net sales rose 9.1% year-over-year to ¥56.8 billion, with net income up 33.5% to ¥3.5 billion.

• Growth driven by price optimization, new facility openings, Expo 2025 Osaka, and robust inbound tourism demand.

• Fifth consecutive quarter of increased net sales and net income.

Financial highlights

• Operating income increased by ¥600 million (+17.7% YoY) to ¥4.4 billion; net income rose by ¥900 million (+33.5% YoY) to ¥3.5 billion.

• EPS improved from ¥34.6 to ¥46.1 (+33.4% YoY); depreciation expense up 20.5% to ¥2.1 billion.

• Cash flow (net income + depreciation) increased 28.3% to ¥5.7 billion.

• Gross profit increased to ¥13,974 million from ¥12,148 million YoY.

• Comprehensive income rose to ¥3,455 million (up from ¥3,123 million YoY).

Outlook and guidance

• Forecasts record profits for FY3/26, targeting ¥25 billion operating income (+22% YoY) and a 21.1% dividend increase.

• Full-year forecast: net sales ¥274 billion (+19.7% YoY), net income ¥18 billion (+23.6% YoY).

• Plans to open 6 new hotel facilities (943 rooms) and expects strong demand from both domestic and inbound markets.

• Expects ¥1.8 billion profit from real estate securitization to offset start-up costs.