Cresco (4674) AGM 2026 summary

Opening remarks and agenda

• President Hiroshi Tominaga chaired the meeting; the agenda covered reports, business results and outlook, proposals, Q&A, and voting, with questions taken during the meeting.

Financial performance review

• FY ended March 2026 revenue was ¥64.6bn, above the initial forecast; operating profit was ¥6.6bn, below forecast, while operating margin recovered to 10.2%.

• ROE reached 16.4%, exceeding the mid-term plan target of at least 15%; FY2026 sales target was revised upward to ¥71.5bn.

• FY ending March 2027 targets: revenue ¥71.5bn, operating profit ¥8.0bn, ordinary profit ¥8.2bn, and net profit attributable to owners of parent ¥5.5bn.

Board and executive committee updates

• Six directors’ terms expired; the proposal sought seven directors excluding audit committee members, adding one seat and nominating six reappointments plus one new director, Miyamoto Daichi.

• A new independent outside director, Tachi Michiho, was nominated to serve as an audit and supervisory committee member.