Crops Corporation (9428) Q1 2027 earnings summary

Executive summary

• Revenue rose 13.9% year over year to ¥17,905 million; operating profit increased 21.5% to ¥1,012 million, with mobile communications supporting results.

• Net income attributable to owners of parent increased 75.7% to ¥526 million.

• All major business segments except real estate sales posted higher sales and profits.

• FY26 full-year plan targets record consolidated revenue, operating profit, ordinary profit and net income.

Financial highlights

• Ordinary profit was ¥1,087 million, up 30.1% year over year; net income was ¥526 million, up 75.7%.

• Versus plan, revenue was 97.7%, operating profit 125.7%, ordinary profit 131.9% and parent-attributable net income 139.9%.

• EPS was ¥55.64, up from ¥31.66; comprehensive income was ¥544 million, up 75.6%.

Outlook and guidance

• FY26 revenue is planned at ¥78,006 million, operating profit at ¥3,820 million, ordinary profit at ¥3,841 million and parent-attributable net income at ¥1,855 million.

• Full-year revenue forecast is up 15.6% year over year, operating profit 6.1%, net income 100.3%; EPS forecast is ¥196.27.

• Guidance was unchanged; mobility communications revenue and operating profit are planned at ¥36,226 million and ¥1,120 million, respectively.

• Store and real estate operating profit is planned at ¥1,953 million versus ¥2,040 million in FY25, with no comparable large property sale assumed and upfront staffing investment planned.

• Mobile strategy emphasizes higher-value proposals, repeat usage, productivity, local partnerships and new customer touchpoints; corporate sales staffing is planned to rise from 35 to 50.