Kyoto Tool Co., Ltd.
Notice regarding Transition to non-consolidated accounting and Revision of full-year individual earnings forecast
From the third quarter of the fiscal year ending March 2027, transition to non-consolidated accounting. Through absorption of Hokuriku KTC and HI-TOOL as wholly owned subsidiaries, there will be no consolidated subsidiaries, and the full-year individual earnings forecast has been revised. Net sales are expected to exceed the previous forecast, but operating income, ordinary income, and net income are projected to be below the previous forecast due to losses at Hokuriku KTC. Earnings per share remain at 40 yen interim and 40 yen year-end dividends. The assumptions include the sales upswing from the merger effects and the negative impact of losses.
Key Figures
- Sales: 8,200 → 8,300 million yen
- Operating income: 690 → 650 million yen
- Net income for the period: 510 → 480 million yen
- Earnings per share: 211.06 → 198.47 yen
AI要約
Overview of results and transition
From the third quarter of the fiscal year ending March 2027, the company will transition to non-consolidated accounting. By absorbing Hokuriku KTC and HI-TOOL, there will be no consolidated subsidiaries, and the full-year individually prepared earnings forecast has been revised. Although sales are expected to exceed the previous forecast, operating income, ordinary income, and net income are expected to be below the previous forecast due to losses at Hokuriku KTC. Also, the cumulative second-quarter forecast remains unchanged, and the dividend forecast remains at 40 yen for the interim and 40 yen for the year-end.
Outlook and cautions
Sales are expected to exceed the initial full-year forecast due to merger effects, but profits are expected to be below due to loss impacts. Caution is needed as financial metrics become difficult to compare due to non-consolidation. Earnings per share have decreased from prior expectations, and there is no change to the dividend policy. There are no changes to the 2Q cumulative forecast. Investors should monitor the sustainability of sales growth from the merger and the outlook for recovery of losses.
Kyoto Tool Co., Ltd.
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