Kawasaki Co., Ltd. (TSE: 3045), an Osaka-based wholesaler of imported premium towels, handkerchiefs and home-interior and women's fashion accessories, reported non-consolidated results for the nine months to May 31, 2026 (the first three quarters of its fiscal year ending August 2026) under Japanese GAAP. Revenue rose 1.1% to ¥1,752 million, operating profit was essentially flat at ¥408 million (-0.1%), ordinary profit was unchanged at ¥408 million, and net profit edged up 0.2% to ¥266 million. Basic earnings per share were ¥124.84, up from ¥123.67.
A steady, cash-rich business
The company designs its own textile lines — including the chenille-woven "Lake Alster" brand — and sources production across Asia for wholesale in Japan; it also leases logistics warehouses and runs rooftop solar generation in the Osaka Senshu region. Results were broadly stable across the nine months, with modest revenue growth offset by flat margins.
Very strong balance sheet
Total assets stood at ¥7,896 million and net assets at ¥5,915 million, giving an exceptionally high equity ratio of 74.9%.
Dividend and guidance
The company plans a full-year dividend of ¥50.00 per share (¥25.00 interim + ¥25.00 year-end), unchanged from the prior year. For the full year to August 2026 it guides revenue of ¥2,233 million (-2.5%), operating profit of ¥432 million (-16.1%), ordinary profit of ¥431 million (-16.1%) and net profit of ¥279 million (-17.5%), with EPS of ¥130.02 — implying a weaker fourth quarter after the steady nine months.
| Metric | 9M FY8/2026 | 9M FY8/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 1,752 | 1,732 | +1.1% |
| Operating profit (¥ million) | 408 | 409 | -0.1% |
| Ordinary profit (¥ million) | 408 | 408 | +0.0% |
| Net profit (¥ million) | 266 | 265 | +0.2% |
| Basic EPS (¥) | 124.84 | 123.67 | +0.9% |
| Annual dividend (¥, forecast) | 50.00 | 50.00 | ±0.0% |
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.