CE Holdings (4320) Q3 2026 earnings summary

Executive summary

• Revenue and all profit stages increased year-over-year, driven by large-scale EMR system deployments, despite a reduction in consolidated scope from changes in equity-method affiliates.

• Operating and ordinary profit rose due to higher EMR sales, offsetting impairment losses from new smartphone services.

• The company expressed support for a public tender offer by SK-03 Co., Ltd., which may result in delisting and a suspension of year-end dividends if the offer is successful.

Financial highlights

• Revenue for Q3 FY2026 was ¥13,292 million, up 7.9% year-over-year.

• Operating profit reached ¥1,364 million, a 14.1% increase year-over-year.

• Ordinary profit was ¥1,384 million, up 14.9% year-over-year.

• Net profit attributable to parent was ¥685 million, up 4.6% year-over-year, despite impairment losses.

• Gross profit grew 8.2% year-over-year to ¥3,026 million; EPS for the quarter was ¥41.14.

Outlook and guidance

• No changes to full-year earnings forecast since the March 30, 2026 announcement.

• FY2026 revenue projected at ¥16,000 million (+8.2% YoY), operating profit at ¥1,600 million (+13.3% YoY), and net profit at ¥870 million (+44.2% YoY).

• Risks of sales decline and margin compression in Q4 and beyond due to prolonged procurement and rising costs.

• Year-end dividend forecast revised to zero or suspended due to planned privatization or tender offer.