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CRESCO, 14% Increase in Ordinary Profit, Update Record High for Fourteenth Consecutive Term, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend by 16 yen

Fri May 9, 2025 4:00 pm JST Earnings

4674 CRESCO LTD. 【J-GAAP】

Earnings Report

CRESCO LTD. <4674> [TSE Prime] announced its financial results after the market closed on May 9th (16:00). The consolidated ordinary profit for the fiscal year ending March 2025 increased 11.2% from the previous period to 6.29 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 13.5% to 7.14 billion yen, marking the fourteenth consecutive term of record-high profits. This will be the sixteenth consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 40 yen to 42 yen (compared to 52 yen before the 2-for-1 forward stock split in the previous term), and has decided to increase the dividend this fiscal year to 58 yen, an increase of 16 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 5.3% from the same period last year, reaching 1.86 billion yen. However, the operating profit margin decreased from 12.8% in the same period last year to 11.7%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 48,368 4,998 5,135 3,328 79.1 25 May 10, 2023 J-GAAP
Mar, 2024 52,755 5,121 5,658 3,728 90.1 26 May 10, 2024 J-GAAP
Mar, 2025 58,760 5,983 6,290 4,405 106.9 42 May 9, 2025 J-GAAP
YoY +11.4% +16.8% +11.2% +18.2% +18.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 58,500 5,900 6,000 4,000 97.0 40 Mar 19, 2025 J-GAAP
Mar, 2025 Results 58,760 5,983 6,290 4,405 106.9 42 May 9, 2025 J-GAAP
Revision Rate +0.4% +1.4% +4.8% +10.1% +10.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 28,506 2,608 2,763 1,879 44.9 19 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 Guidance 31,100 2,870 2,890 1,950 48.0 29 May 9, 2025 J-GAAP
YoY +9.1% +10.0% +4.6% +3.8% +7.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 52,755 5,121 5,658 3,728 90.1 26 May 10, 2024 J-GAAP
Mar, 2025 58,760 5,983 6,290 4,405 106.9 42 May 9, 2025 J-GAAP
Mar, 2026 Guidance 64,000 7,000 7,140 4,900 121.4 58 May 9, 2025 J-GAAP
YoY +8.9% +17.0% +13.5% +11.2% +13.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 14,211 1,823 1,771 1,330 32.1 12.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 13,758 870 1,027 756 18.4 6.3 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 14,748 1,738 1,736 1,123 26.8 11.8 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 14,596 1,546 1,663 1,047 25.4 10.6 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 15,658 1,829 1,864 1,479 35.9 11.7 May 9, 2025 J-GAAP
YoY +10.2% +0.3% +5.3% +11.2% +11.7%

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