TOKYO, Apr 15 (Pulse News Wire) – Kyokuto CO.,LTD. (2300.T) reported its fiscal year 2026 results for the period ending February 28, 2026, showing significant differences compared to previous forecasts released on April 15, 2025.
Revenue came in at ¥5.244 billion, below the previously estimated ¥5.500 billion, marking a decrease of ¥255 million or approximately 4.7%. Operational challenges led to a substantial decline in operating profit, which was ¥300 million, down from the forecasted ¥2.944 billion, representing a drop of 98.5%. Similarly, ordinary profit decreased to ¥53 million from the projected ¥171 million, indicating a reduction of 68.1%, while net income dropped to ¥10.24 per share, significantly lower than the anticipated ¥102.44 per share, reflecting a decrease of 73.1%. The company attributed the revenue shortfall primarily to consumers’ heightened cost-saving behaviors and adverse weather conditions affecting seasonal clothing turnover.
Specifically, cooler spring temperatures delayed winter garment collections, and unusually hot autumn weather postponed fall and winter cleaning services, impacting overall sales negatively by ¥255 million or 4.7% against expectations. Increased expenses in personnel costs and POS terminal fees further exacerbated profitability issues. Operating profit declined to ¥300 million, a reduction of ¥2.649 billion or 98.5% from estimates. Ordinary profit was ¥53 million, down ¥118 million or 68.1%, and net income plummeted to ¥10.24 per share, a decrease of ¥92.20 per share or 73.1% from projections.
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