Koshidaka Holdings Co., Ltd. (TSE: 2157) reported consolidated results for the nine months ended May 31, 2026 — the first nine months of the fiscal year ending August 31, 2026 — under Japanese GAAP. Revenue climbed 15.6% year-on-year to ¥59,354 million from ¥51,354 million, but operating profit fell 9.8% to ¥7,571 million from ¥8,395 million and ordinary profit fell 9.8% to ¥7,755 million from ¥8,593 million as cost growth outpaced the top line. Net profit attributable to owners of the parent still edged up 2.3% to ¥5,531 million from ¥5,408 million, and basic earnings per share rose to ¥67.00 from ¥65.90 (diluted EPS ¥62.34). Comprehensive income slipped 3.9% to ¥5,585 million.
Karaoke, Curves and overseas expansion drive the top line
The double-digit revenue gain reflects the continued recovery of the "Karaoke Manekineko" karaoke chain, steady growth at the "Curves" women's fitness franchise, and an expanding overseas footprint. Two new subsidiaries entered the consolidation scope during the period — KOSHIDAKA MALAYSIA SDN. BHD. and K.K. Standard (formerly Koshidaka SP) — broadening the group's international and domestic business base. The flip side of the growth push was margin compression: the operating margin narrowed to 12.8% from 16.3% a year earlier, as newly consolidated operations, higher personnel and store-running costs, and expansion-related spending weighed on profitability even as sales advanced.
Balance sheet strengthens
Total assets stood at ¥76,735 million at May 31, 2026, up from ¥68,588 million at the previous fiscal year-end, while net assets rose to ¥39,019 million. Shareholders' equity was ¥38,998 million and the equity ratio was a solid 50.8%, underscoring a well-capitalised balance sheet as the group funds its expansion.
Dividend raised to ¥28
Koshidaka lifted its dividend plan for the full fiscal year ending August 31, 2026. The company now intends to pay an interim dividend of ¥13.00 and a year-end dividend of ¥15.00, for an annual total of ¥28.00 per share — up from ¥24.00 (¥12.00 interim plus ¥12.00 year-end) in the prior year, a 16.7% increase that signals management confidence in cash generation.
Full-year guidance keeps growth intact, with a wide profit range
For the full year to August 31, 2026, management guides revenue of ¥82,046 million (+18.2%), operating profit of ¥11,831 million (+3.8%) and ordinary profit of ¥12,030 million (+3.7%). The net profit forecast is unusually wide, at ¥6,451 million to ¥8,444 million (+22.7% to +60.6%), with per-share earnings guided at ¥77.82 to ¥101.87 — a range that reflects uncertainty over the timing and magnitude of items below the operating line. The nine-month figures leave the group tracking toward its top-line target, though the profit outcome within the guided band will hinge on the second-half cost trajectory.
| Metric | 9M FY8/2026 | 9M FY8/2025 | YoY |
|---|---|---|---|
| Revenue | 59,354 | 51,354 | +15.6% |
| Operating profit | 7,571 | 8,395 | -9.8% |
| Ordinary profit | 7,755 | 8,593 | -9.8% |
| Net profit attrib. to owners | 5,531 | 5,408 | +2.3% |
| Comprehensive income | 5,585 | 5,812 | -3.9% |
| Basic EPS (¥) | 67.00 | 65.90 | +1.7% |
| Total assets | 76,735 | 68,588 | +11.9% |
| Equity ratio | 50.8% | — | — |
| Annual dividend (¥) | 28.00 | 24.00 | +16.7% |
| FY8/2026 revenue guidance | 82,046 | — | +18.2% |
| FY8/2026 operating profit guidance | 11,831 | — | +3.8% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.