Kyoritsu Maintenance (9616) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 12.8% year-over-year to 170.4 billion yen, with operating income up 31.3% to 17.8 billion yen and net income up 60.8% to 12.7 billion yen.

• Strong performance driven by Dormitory and Hotel segments, with occupancy and revenue metrics improving, supported by record inbound tourism and robust domestic demand.

• Comprehensive Building Management saw modest sales growth but lower income due to rising costs; Food Service and Development businesses posted strong gains.

Financial highlights

• EPS increased 60.7% year-over-year to 163.4 yen, reflecting a two-for-one stock split effective April 1, 2024.

• Cash flow improved 42.6% year-over-year to 18.3 billion yen.

• Capital investment more than doubled year-over-year to 27.0 billion yen.

• Gross income for the nine months was 43.8 billion yen, up from 37.1 billion yen year-over-year.

• Total assets at quarter-end were 279.8 billion yen, with equity ratio improved to 34.8%.

Outlook and guidance

• Full-year net sales forecast revised upward to 230.0 billion yen, operating income to 21.0 billion yen, and net income to 14.0 billion yen.

• Upward revision driven by higher-than-expected RevPAR in Hotel Business and continued strong inbound demand.

• Operating income achievement rate reached 96.4% of previous forecasts, with net income surpassing guidance at 102.0%.