Kyoritsu Maintenance (9616) Q3 2026 earnings summary

Executive summary

• Achieved record operating income of ¥19.0 billion (+6.6% YoY) and net income of ¥14.3 billion (+12.2% YoY) for Q3 FY3/26, marking all-time high profits, driven by strong demand from Expo 2025 Osaka and record foreign visitor arrivals.

• Revenue growth was supported by both dormitory and hotel businesses, with strong demand and price optimization.

• Convertible bonds were fully converted, increasing equity and reducing interest-bearing liabilities.

Financial highlights

• Net sales for the nine months ended December 31, 2025, were ¥182.5 billion (+7.1% YoY), operating income ¥19.0 billion (+6.6% YoY), and net income ¥14.3 billion (+12.2% YoY).

• EPS increased to ¥173.9 (+6.4% YoY), or ¥183.1 (+12.0% YoY) excluding new share issuance; comprehensive income was ¥14.96 billion (+13.8% YoY).

• Cash flow improved to ¥20.9 billion (+14.0% YoY).

Outlook and guidance

• Full-year forecast maintained: net sales of ¥274.0 billion (+19.7% YoY), operating profit of ¥25.0 billion (+22.0% YoY), and profit attributable to owners of parent of ¥18.0 billion (+23.6% YoY).

• Dormitory business expects further sales and income growth via new facility openings and price optimization.

• Hotel business plans aggressive new development, with 5 new facilities (876 rooms) to open.

• Real estate securitization expected to generate ¥1.8 billion in sales profit.

• Annual dividend forecast is ¥46.00 per share.