Crops Corporation (9428) Q1 2026 earnings summary

Executive summary

• Q1 FY25 revenue rose 12.2% YoY to ¥15,717 million; operating profit increased 208.5% to ¥832 million, and net income attributable to owners of the parent was ¥299 million versus a ¥137 million loss.

• Growth came from mobile communications, store subleasing and a large, high-margin real estate sale; wholesale and overseas segments declined.

Financial highlights

• Revenue was ¥15,717 million, operating profit ¥832 million and ordinary profit ¥836 million; operating profit exceeded plan by ¥291 million, including a ¥175 million contribution from a large-property sale to the variance.

• Net income attributable to owners of the parent was ¥299 million versus a ¥137 million loss; EPS was ¥31.66 versus -¥14.57, and comprehensive income was ¥310 million versus ¥5 million.

Outlook and guidance

• FY25 guidance: revenue ¥65,644 million (+6.6%), operating profit ¥2,974 million (+24.4%), ordinary profit ¥2,988 million (+13.5%) and net income ¥1,576 million (+59.0%); forecasts were unchanged.

• FY25 revenue and profit are planned at record levels, supported by mobile communications and store subleasing; mobile sales are planned at ¥27,995 million (+0.9%) and operating profit at ¥760 million (+73.8%).