Cookpad (2193) Q1 2025 earnings summary

Executive summary

• Focus remains on investing in product development and global cooking-related services, including recipe sharing, e-commerce, and culinary coaching, while pursuing profitability and reinvesting earnings into growth initiatives.

• Sales revenue for Q1 FY2025 was ¥1,372 million, down 10.8% year-over-year due to a decline in premium memberships for the recipe service.

• Operating income dropped 59.5% year-over-year to ¥89 million, and net profit attributable to shareholders fell 71.6% to ¥111 million.

Financial highlights

• Sales revenue decreased by 10.8% year-over-year, mainly due to a decline in Premium Services membership.

• SG&A expenses declined by 3.6% year-over-year to ¥1,264 million, driven by lower personnel costs and company-wide streamlining.

• Operating income fell by 59.5% year-over-year.

• Profit before tax dropped by 61.7% year-over-year; profit attributable to shareholders declined by 71.6%.

• Earnings per share decreased by 67.8% year-over-year; basic EPS for Q1 FY2025 was ¥1.35, down from ¥4.19 in Q1 FY2024.

• Comprehensive income for Q1 FY2025 was negative ¥8.8 million, compared to ¥796 million in Q1 FY2024, mainly due to adverse foreign exchange effects.

• Cash and cash equivalents at quarter end decreased by 8.2% year-over-year.

Outlook and guidance

• No earnings forecast disclosed for FY2025 due to ongoing investments and uncertainty in the business environment.