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CROSS PLUS, First Half Ordinary Profit Unexpectedly Revised Upward by 8%
3320 CROSS PLUS INC. 【J-GAAP】
Earnings ReportCROSS PLUS INC. <3320> [TSE Std] announced its financial results after the market closed on September 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2026 (February to July) increased 7.7% from the same period last year, reaching 1.07 billion yen, resulting in an increase in profits compared to the previous forecast of a 9.7% decrease.
Progress toward the full-year plan of 1.40 billion yen was 76.7%, also surpassing the five-year average of 70.4%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to grow 17.3% from the same period last year, reaching 0.32 billion yen.
In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit amounted to 0.23 billion yen, a 1.7% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 1.1% in the same period last year to 1.0%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb - Jul, 2023 | 27,547 | 1,041 | 1,144 | 1,254 | 170.9 | 58.0 | Sep 8, 2023 | J-GAAP |
| Feb - Jul, 2024 | 29,616 | 893 | 997 | 754 | 102.2 | 78.2 | Sep 13, 2024 | J-GAAP |
| Feb - Jul, 2025 | 29,217 | 930 | 1,074 | 886 | 119.7 | 76.7 | Sep 12, 2025 | J-GAAP |
| YoY | -1.3% | +4.1% | +7.7% | +17.5% | +17.1% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb - Jul, 2025 Guidance | 30,500 | 800 | 900 | 700 | 94.2 | 23 | Mar 14, 2025 | J-GAAP |
| Feb - Jul, 2025 Results | 29,217 | 930 | 1,074 | 886 | 119.7 | 23 | Sep 12, 2025 | J-GAAP |
| Revision Rate | -4.2% | +16.3% | +19.3% | +26.6% | +27.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Aug - Jan, 2024 | 32,388 | 136 | 278 | 535 | 72.4 | 15 | Mar 14, 2025 | J-GAAP |
| Aug - Jan, 2025 Guidance | 34,783 | 270 | 326 | 314 | 42.2 | 23 | Sep 12, 2025 | J-GAAP |
| YoY | +7.4% | +98.5% | +17.3% | -41.3% | -41.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan, 2024 | 60,190 | 1,797 | 1,974 | 2,064 | 280.5 | 27 | Mar 15, 2024 | J-GAAP |
| Jan, 2025 | 62,004 | 1,029 | 1,275 | 1,289 | 174.5 | 30 | Mar 14, 2025 | J-GAAP |
| Jan, 2026 Guidance | 64,000 | 1,200 | 1,400 | 1,200 | 161.4 | 46 | Mar 14, 2025 | J-GAAP |
| YoY | +3.2% | +16.6% | +9.8% | -6.9% | -7.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May - Jul, 2024 | 13,882 | 155 | 238 | 248 | 33.6 | 1.1 | Sep 13, 2024 | J-GAAP |
| Aug - Oct, 2024 | 17,694 | 415 | 533 | 461 | 62.5 | 2.3 | Dec 13, 2024 | J-GAAP |
| Nov - Jan, 2024 | 14,694 | -279 | -255 | 74 | 10.0 | -1.9 | Mar 14, 2025 | J-GAAP |
| Feb - Apr, 2025 | 15,981 | 804 | 840 | 684 | 92.5 | 5.0 | Jun 13, 2025 | J-GAAP |
| May - Jul, 2025 | 13,236 | 126 | 234 | 202 | 27.3 | 1.0 | Sep 12, 2025 | J-GAAP |
| YoY | -4.7% | -18.7% | -1.7% | -18.5% | -18.9% |
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