Crops Corporation (9428) Q2 2025 earnings summary

Executive summary

• Revenue increased 12.5% year-over-year to ¥29,211 million, driven by growth in mobile communications, store subleasing, and real estate sales.

• Operating profit declined 26% year-over-year to ¥795 million due to higher store operating costs in the mobile communications segment.

• Net income attributable to shareholders dropped 81.9% year-over-year to ¥108 million, mainly due to losses from employee fraud at an overseas subsidiary.

Financial highlights

• Gross profit rose to ¥7,209 million from ¥6,747 million year-over-year.

• Ordinary profit decreased 17.3% year-over-year to ¥1,002 million.

• Comprehensive income fell 63.5% year-over-year to ¥327 million.

• EPS for the period was ¥11.52, down from ¥63.56 in the prior year.

• Cash and equivalents at period-end were ¥8,079 million, up ¥607 million from the previous year-end.

Outlook and guidance

• Full-year revenue forecast revised to ¥60,852 million, up 11.7% year-over-year.

• Full-year operating profit forecast at ¥2,481 million, up 16.6% year-over-year.

• Full-year net income forecast at ¥1,037 million, down 14% year-over-year.

• Annual dividend forecast maintained at ¥20 per share.