Kurabo announces share buyback, cancellation, revises profit outlook

Kurabo Industries Ltd. announced a resolution to repurchase up to 1,000,000 shares of its common stock, representing 5.98% of outstanding shares (excluding treasury shares), with a maximum cost of 7.0 billion yen. The buyback period will run from November 12, 2025, to September 30, 2026. Concurrently, the company will cancel 1,000,000 treasury shares, equivalent to 5.56% of issued shares before cancellation, on November 25, 2025, reducing total issued shares to 17,000,000. These actions aim to enhance shareholder returns and capital efficiency.

For the six months ended September 30, 2025, Kurabo reported net sales of 69,245 million yen, down 3.6% year-on-year, and operating profit of 3,929 million yen, a 7.3% decrease. However, profit attributable to owners of parent significantly increased by 87.5% to 6,421 million yen, partly due to extraordinary income from the sale of cross-shareholdings.

The company revised its full-year consolidated financial forecast for the fiscal year ending March 31, 2026. While net sales, operating profit, and ordinary profit remain unchanged at 144,000 million yen, 8,000 million yen, and 9,500 million yen, respectively, the profit attributable to owners of parent is now projected to be 10,500 million yen, up 10.5% from the previous forecast, largely due to an expected increase in gain on sale of investment securities.