Kanematsu Corporation TSE:8020

Kanematsu : Supplementary Material Third Quarter Results for FY2026 TSE

Published

Source: MarketScreener



Supplementary Material

Third Quarter Results for FY2026

Disclaimer:

The forward-looking statements, including results forecasts, provided in this document (and its appendix) are based on information obtained by Kanematsu Corporation (the Company) and certain reasonable assumptions made by the Company. The Company does not guarantee their achievement, and actual results may differ from forecasts due to various factors. This information is subject to change without prior notice, and users are advised to utilize this document alongside information acquired through other sources and exercise their own discretion. The Company bears no liability or responsibility for any loss or damage resulting from the use of this material Additionally, as the figures presented are rounded off to the nearest 1 billion yen, the total may not precisely match the sum of each item.

  • Year-on-year growth in both revenue and net profit1).

  • Net profit reached a record high for the third quarter, with progress against the full-year forecast at 81%.

  • The full-year dividend forecast has already been increased by ¥5, from ¥115 to ¥120 on a pre-split basis following the stock split at the end of December.

(Unit: JPY Bn)

FY2025 3Q

FY2026 3Q

YoY

Growth

Revenue

781.7

787.7

+5.9

+1%

Operating profit

33.4

37.7

+4.2

+13%

Net profit

19.4

24.2

+4.8

+25%

Operating cash flows (adjusted)2)

25.0

20.7

(4.3)

CF from investing activities

4.4

(8.6)

(13.0)

End of Mar 2025

End of Dec 2025

YoY

Net D/E ratio3)

0.69x

0.62x

(0.07x)

Equity ratio4)

25.2%

27.8%

+2.6%

(Unit: JPY Bn)

FY2026

Annual

3Q

Progress

Revenue

1,100.0

72%

Operating profit

50.0

75%

Net profit

30.0

81％

Earnings Results Forecast

Interim

dividend

Year-end

dividend

Annual

dividend

Dividend per share

¥57.50

¥31.25

-

(Pre-split basis)

(¥62.50)

(¥120.00)

Dividend payout ratio

33.4％

  1. Net profit = Profit attributable to owners of the parent

  2. Operating cash flows (adjusted) ＝ Operating cash flows ± Change in working capital - Repayment of lease liabilities

  3. Net D/E Ratio ＝ Net interest-bearing debt ÷ total equity attributable to owners of the parent

  4. Equity ratio ＝ Shareholders' equity ÷ total assets

    Earnings Summary

    Earnings Results Progress

    (Unit: JPY Bn)

    FY2025 3Q

    FY2026

    (Unit: JPY Bn)

    FY2026

    Annual Forecast

    Progress

    Revenue

    1,100.0

    72%

    Operating profit

    50.0

    75%

    Profit before tax

    46.0

    79%

    Profit attributable to owners of the parent

    30.0

    81%

    3Q YoY Growth

    Gross profit 112.9 123.7 +10.8 +10%

    Selling, general and

    administrative expenses (84.6) (88.6) (4.0) -

    Other income

    1~3Q

    24.2

4Q 5.8

Operating profit 33.4

37.7 +4.2

+13%

Interest income

(expenses) (3.7) (3.2) +0.5 -

Dividend income 1.2 1.0 (0.2) (16%)

Other finance income

(costs) (0.1) (0.2) (0.2) -

(expenses) 5.2 2.6 (2.6) (51%)

Revenue 781.7

787.7 +5.9

+1%

  • Revenue

Revenue increased by ¥5.9 billion, mainly driven by the ICT Solution and Electronics & Devices segments.

  • Operating profit

While selling, general and administrative expenses increased, operating profit increased by ¥4.2 billion due to growth in gross profit.

  • Profit before tax

Profit increased by ¥6.5 billion, partly due to an improvements in share of loss of investments accounted for using the equity method.

  • Profit attributable to owners of the parent

Achieved a record-high profit of

¥24.2 billion yen.

See page 4 for more details.

Dividend payout ratio 33.4%

(Unit: JPY Bn)

Net Profit1) Forecast

81％

Finance income (costs) (2.6) (2.4) +0.2 -

Share of Profit (Loss) of Investments Accounted for

Using the Equity Method (1.2) 0.9 +2.1 -

Profit before tax 29.6

36.2 +6.5

+22%

Income tax expense (9.8) (11.4) (1.7) -

Profit for the period 19.9 24.7 +4.9 +25%

Annual forecast 30.0

3Q progress

Profit attributable to

owners of the parent 19.4

24.2 +4.8

+25%

Profit and Loss

(Unit: JPY Bn) ICT Solution

FY2025 3Q

FY2026 3Q

76.2

YoY

+10.9

Growth

+17%

FY2026

Forecast

(After segment forecast revision)

105.0

Progress

73%

Revenue

65.3

Operating Profit

9.1

10.4

+1.3

+15%

15.5

67%

Net Profit1)

6.0

6.9

+0.9

+15%

10.5

66%

Electronics & Devices

Revenue

197.9

217.2

+19.3

+10%

275.0

79%

Operating profit

10.0

12.4

+2.3

+23%

14.5

85%

Net profit

6.7

8.1

+1.4

+21%

9.5

85%

Foods, Meat & Grain

Revenue

272.7

275.6

+2.9

+1%

385.0

72%

Operating profit

5.7

7.1

+1.4

+24%

8.8

81%

Net profit

2.3

4.2

+1.8

+80%

4.2

99%

Steel, Materials & Plant

Revenue

150.9

124.8

(26.1)

(17%)

200.0

62%

Operating profit

4.8

4.6

(0.2)

(4%)

6.2

74%

Net profit

1.8

3.1

+1.3

+73%

3.5

87%

Motor Vehicles & Aerospace

Revenue

93.3

92.5

(0.9)

(1%)

130.0

71%

Operating profit

3.8

3.7

(0.1)

(3%)

5.2

71%

Net profit

2.5

2.2

(0.2)

(10%)

2.7

83%

Other (Including adjustment)

Revenue

1.6

1.4

(0.2)

-

5.0

-

Operating profit

(0.0)

(0.5)

(0.5)

-

(0.2)

-

Net profit

0.1

(0.3)

(0.4)

-

(0.4)

-

Total

Revenue

781.7

787.7

+5.9

+1%

1,100.0

72%

Operating profit

33.4

37.7

+4.2

+13%

50.0

75%

Net profit

19.4

24.2

+4.8

+25%

30.0

81%

(Unit: JPY Bn) Revenue

+19.3

+2.9

+10.9

781.7

(0.2)

787.7

(26.1)

(0.9)

FY2025

ICT Solution

Electronics

Foods, Meat

Steel, Materials

Motor Vehicles

Other

FY2026

3Q

& Devices

& Grain

& Plant

& Aerospace

3Q

(Unit: JPY Bn)

Operating profit

+2.3

(0.2)

(0.1)

37.7

(0.5)

+1.3

33.4

+1.4

FY2025

3Q

ICT Solution Electronics

& Devices

Foods, Meat

& Grain

Steel, Materials

& Plant

Motor Vehicles

& Aerospace

Other FY2026

3Q

Segment Information

Profit attributable to owners of the parent

  • ICT Solution ■ Electronics & Devices

  • Foods, Meat & Grain ■ Steel, Materials & Plant

  • Motor Vehicles & Aerospace ■ Other (Including adjustment)

(0.3)

2.2

2.5

1.8

3.1

2.3

4.2

＋1.8

＋1.3

△0.2

0.1

＋0.9

6.7

8.1

6.0

6.9

(Unit: JPY Bn)

Primary factors contributing to the year-on-year changes

  • Strong sales of storage and servers for the defense and manufacturing industries, as well as

robust demand for networks in the distribution sector, together with increased needs for services and security, led to higher profits.

ICT Solution Increased ¥0.9 billion

  • Electronic devices & Materials: Profit increased due to the effects of M&A and other factors.

  • Mobile: In addition to the increase in sales volume resulting from expanded sales channels,

the growth of the business for corporate clients also contributed to higher profits.

Electronics & Devices Increased ¥1.4 billion Foods, Meat & Grain Increased ¥1.8 billion

＋1.4

  • Foods: Profit increased primarily due to strong performance in beverage ingredients.

  • Meat Products: Amid a shift in demand from beef and pork to chicken, chicken trading performed well, resulting in higher profits.

  • Grain, Oilseeds & Feedstuff: Profit increased primarily due to strong performance in imported rice, soybeans and feedstuff.

  • Steel: Profit increased primarily due to improvements in share of loss of investments

    accounted for using the equity method recorded in the previous fiscal year and gains

    associated with the divestment of a domestic steel subsidiary.

  • Plant: Profit decreased due to a reduction in the number of ODA (Official Development Assistance) projects compared to the same period of the previous year.

Steel, Materials & Plant Increased ¥1.3 billion

FY2025 3Q

FY2026 3Q

Motor Vehicles & Aerospace Decreased ¥0.2 billion

  • Machine Tools & Industrial Machinery: Profit decreased due to a decline in demand for

capital investment.

Net Profit Breakdown

© KANEMATSU CORPORATION. All Rights Reserved.