Kitz reports strong nine-month performance despite dip in parent profit

Kitz Corporation reported consolidated net sales of 130,816 million yen for the nine months ended September 30, 2025, a 2.8% increase year-on-year. Operating profit rose by 9.4% to 11,865 million yen, while ordinary profit increased by 8.4% to 12,409 million yen. However, profit attributable to owners of parent decreased by 2.5% to 8,789 million yen, mainly due to a decline in gain on sale of investment securities.

The Valve Manufacturing Business saw net sales to external customers grow by 1.1% to 104,709 million yen, contributing to an 11.7% increase in operating profit to 14,600 million yen. The Brass Bar Manufacturing Business also experienced a 10.4% rise in net sales to external customers, reaching 24,056 million yen, though its operating profit decreased by 40.7% to 452 million yen due to higher repair expenses.

Looking ahead, Kitz Corporation maintains its consolidated earnings forecast for the fiscal year ending December 31, 2025, projecting net sales of 180,000 million yen, operating profit of 15,000 million yen, and profit attributable to owners of parent of 11,200 million yen. Additionally, the company announced the transfer of non-current assets by its U.S. subsidiary, KITZ Corp. of America, in Q1 2026, which is expected to result in an extraordinary gain on sale of approximately 1,100 million yen.