Cookpad (2193) Q2 2025 earnings summary

Executive summary

• Sales revenue and operating income declined in Q2 FY2025, mainly due to a shrinking Premium Services membership base.

• Workforce and SG&A expenses decreased, reflecting ongoing cost control and natural attrition.

• The company continued investments in new services, including an online fresh food market and AI culinary coaching.

Financial highlights

• Sales revenue dropped 9.8% year-over-year, reaching 1,350 million yen in Q2 FY2025 and 2,723 million yen for the six months ended 30 June 2025.

• Operating income fell 63.5% year-over-year, totaling 71 million yen for Q2 and 161 million yen for the six months.

• Net profit attributable to shareholders dropped 95.0% year-over-year to 37 million yen, with a net loss of 74 million yen in Q2.

• SG&A expenses declined 1.6% year-over-year due to lower personnel costs.

• Cash and cash equivalents at period end were 10,238 million yen, down 14.3% year-over-year and 1,845 million yen from 31 December 2024.

Outlook and guidance

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