Kyoritsu Maintenance (9616) Q2 2026 earnings summary

Executive summary

• Achieved record-high profits and sales for the second consecutive quarter and fourth consecutive year, driven by strong lodging demand from the Osaka Expo, sustained inbound travel, and successful price optimization in both hotel and dormitory businesses.

• Real estate securitization and convertible bond conversions supported capital structure and accelerated payback of foreign investments.

• Economic environment showed gradual recovery, but uncertainty persists due to rising prices, global trade tensions, and natural disaster rumors impacting travel.

Financial highlights

• Net sales rose 7.4% year-on-year to ¥119.5 billion; operating profit up 6.1% to ¥11.2 billion; net profit up 13.6% to ¥8.7 billion.

• EPS increased 11% year-on-year to ¥109.93, with dividend per share up ¥8 to ¥46.0 (+21.1% YoY); payout ratio at 21.2%.

• Ordinary income reached ¥11.9 billion (+6.6% YoY); cash flow improved to ¥13.0 billion (+15.2% YoY).

Outlook and guidance

• Full-year forecast maintained: operating profit of ¥25 billion, net sales of ¥274 billion (+19.7% YoY), net income of ¥18 billion (+23.6% YoY), and EPS of ¥216.5.

• Aggressive new facility openings planned in both dormitory and hotel segments; forward bookings indicate ADR and RevPAR trending above previous year.