Crops Corporation (9428) Q2 2026 earnings summary

Executive summary

• Revenue rose 6.9% year-over-year to ¥31,231 million, driven by growth in mobile communications and store subleasing, and a high-margin property sale.

• Operating profit surged 79.1% year-over-year to ¥1,419 million; recurring profit up 45.7% to ¥1,460 million.

• Net loss attributable to shareholders was ¥20 million, mainly due to a ¥544 million goodwill impairment in the overseas segment (Vietnam).

Financial highlights

• Gross profit decreased to ¥6,416 million from ¥7,209 million year-over-year.

• Comprehensive income dropped 48.0% year-over-year to ¥170 million.

• Cash and equivalents at period-end increased to ¥9,261 million from ¥8,301 million.

• Total assets decreased 1.6% to ¥35,535 million; equity ratio at 33.6%.

Outlook and guidance

• Full-year revenue forecast revised to ¥67,121 million (up 9.0% year-over-year).

• Operating profit forecast at ¥3,201 million (up 32.5%), net profit at ¥1,177 million (up 18.8%).

• Dividend forecast revised to ¥25 per share for the year.