Crops Corporation (9428) Q4 2026 earnings summary

Executive summary

• FY25 revenue reached ¥67,497 million (+9.6% YoY), operating income ¥3,601 million (+50.6%) and ordinary income ¥3,723 million (+41.3%).

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

• FY25 operating profit was 113% of plan; net income was 78% of plan.

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

Financial highlights

• FY25 operating profit rose ¥1,209 million YoY and exceeded plan by ¥400 million, including a ¥297 million favorable contribution from stores and real estate.

• EPS was ¥97.97, down from ¥104.81; operating margin was 5.3%, ordinary margin 5.5% and net margin 1.4%.

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

• Year-end cash and equivalents increased ¥2,338 million to ¥10,639 million.

Outlook and guidance

• FY26 forecast: revenue ¥78,006 million (+15.6% YoY), operating profit ¥3,820 million (+6.1%), ordinary profit ¥3,841 million (+3%) and net income ¥1,855 million (+100.3%).

• FY26 mobility communications plan: revenue ¥36,226 million (+22%) and operating profit ¥1,120 million (+36%).

• FY26 operating profit is planned to rise ¥219 million; no large property sale is assumed, with staffing investment planned to support stores and real estate growth.

• FY26 dividend per share is projected at ¥32.