KOSAIDO Cuts Full-Year Forecast but Maintains Dividend as It Retools Funeral and Inheritance Businesses

An announcement from KOSAIDO Holdings Co.Ltd. ( (JP:7868) ) is now available.

KOSAIDO Holdings has revised its consolidated earnings forecast for the fiscal year ending March 31, 2026, cutting projected net sales from ¥39.75 billion to ¥36.22 billion and operating income from ¥8.35 billion to ¥6.74 billion, with similar double-digit percentage reductions in ordinary income and net income. Despite the weaker outlook, the company is keeping its year-end dividend forecast unchanged at ¥6.67 per share, signaling a desire to maintain shareholder returns.

In its core funeral services segment, a year-on-year decline in deaths and cremations in Tokyo pushed results below plan, though management views this as a temporary deviation from a long-term trend of rising mortality expected to continue to 2065. In the asset consulting segment, slower-than-expected accumulation of inheritance-related real estate deals and delays in key projects weighed on operating income, prompting the company to pursue a more effective revenue model that broadens its scope to include financial services such as money lending, in order to reinforce synergies with its funeral business and stabilize medium- to long-term earnings.

More about KOSAIDO Holdings Co.Ltd.

KOSAIDO Holdings Co., Ltd., listed on the TSE Prime Market, operates a funeral services business centered in Tokyo and an asset consulting segment focused on real estate related to inheritance. The group positions these operations as complementary, aiming to serve the needs of an aging society with rising mortality while leveraging synergies between end-of-life services and inheritance-related real estate solutions.

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Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen74.38B

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