Crops Corporation (9428) Q1 2025 earnings summary

Executive summary

• Revenue increased by 11.3% year-over-year to ¥14,013 million, driven by growth in mobile communications and store subleasing segments.

• Operating profit declined 47.0% year-over-year to ¥271 million due to lower gross margins in mobile communications and increased temporary costs.

• Net profit attributable to shareholders fell to a loss of ¥137 million, impacted by a special loss related to employee fraud in an overseas subsidiary.

Financial highlights

• Revenue: ¥14,013 million (up 11.3% year-over-year).

• Operating profit: ¥271 million (down 47.0% year-over-year).

• Ordinary profit: ¥371 million (down 34.9% year-over-year).

• Net profit attributable to shareholders: -¥137 million (from ¥230 million profit last year).

• EPS: -¥14.57 (down from ¥24.40 year-over-year).

Outlook and guidance

• Full-year revenue forecast revised to ¥61,035 million (up 12.0% year-over-year).

• Full-year net profit forecast revised to ¥916 million (down 24.0% year-over-year) due to fraud-related losses.

• No change in annual dividend forecast of ¥20 per share.