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CHANGE Holdings (3962) investor relations material

CHANGE Holdings Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary13 Nov, 2025

Executive summary

  • Revenue for the six months ended September 30, 2025, rose 34.9% year-over-year to ¥22,266 million, driven by both core business segments and recent acquisitions.

  • Operating profit declined 34.4% year-over-year to ¥2,500 million, reflecting increased investments and the absence of prior year one-time gains.

  • Profit attributable to owners of parent fell 24.8% year-over-year to ¥1,561 million.

  • Comprehensive income increased 6.7% year-over-year to ¥2,388 million, supported by gains in financial assets.

Financial highlights

  • Gross profit increased to ¥11,026 million from ¥7,168 million year-over-year.

  • Basic earnings per share decreased to ¥22.45 from ¥29.42 year-over-year.

  • Total assets grew to ¥120,651 million as of September 30, 2025, up from ¥104,861 million at March 31, 2025.

  • Equity attributable to owners of parent rose to ¥42,068 million, with an equity ratio of 34.9%.

Outlook and guidance

  • Full-year revenue forecast for FY ending March 31, 2026, is ¥55,000 million, up 18.6% year-over-year.

  • Operating profit is projected at ¥14,000 million, up 3.6% year-over-year; profit attributable to owners of parent is forecast at ¥7,904 million, up 4.9%.

  • No changes to previously announced financial forecasts.

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Frequently asked questions

CHANGE Holdings Inc is a Japan-based company engaged in digital transformation and human resource development services. The company provides IT solutions, including data analytics, cloud computing, and mobile applications, to support corporate and government clients in their digital initiatives. It also offers training and consulting services focused on improving digital literacy and leadership skills. CHANGE Holdings operates across various sectors, including public administration, finance, and healthcare. The company is headquartered in Tokyo, Japan, and its shares are listed on the TSE.

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