Crops Corporation (9428) Q4 2026 earnings summary

Executive summary

• Revenue increased 9.6% year-over-year to ¥67,497 million, with operating income up 50.6% to ¥3,601 million and ordinary income up 41.3% to ¥3,723 million.

• Net income attributable to parent decreased 6.5% to ¥926 million due to impairment losses, mainly from overseas operations.

• Comprehensive income rose 20.6% to ¥1,825 million.

Financial highlights

• Gross margin improved as operating and ordinary income grew faster than revenue.

• EPS was ¥97.97, down from ¥104.81 year-over-year.

• Total assets increased 12.9% to ¥40,747 million; net assets rose 10.7% to ¥15,877 million.

• Cash and equivalents at year-end were ¥10,639 million, up ¥2,338 million from the previous year.

Outlook and guidance

• FY2027 revenue forecast is ¥78,006 million (+15.6% YoY), with operating income of ¥3,820 million (+6.1%) and net income of ¥1,855 million (+100.3%).

• Dividend per share is projected to rise to ¥32 for FY2027.