CRESCO, First Half Ordinary Profit Increases by 4%
4674 CRESCO LTD. 【J-GAAP】
Earnings ReportCRESCO LTD. <4674> [TSE Prime] announced its financial results after the market closed on November 5th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 3.8% from the same period last year, reaching 2.86 billion yen. However, Progress toward the full-year plan of 7.14 billion yen was 40.2%, also falling below the five-year average of 43.9%.
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 October to March period (second half) is expected to grow 21.2% from the same period last year, reaching 4.27 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.77 billion yen, an increase of 2.1% compared to the same period last year. However, the operating profit margin decreased from 11.8% in the same period last year to 10.7%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
25,631M | 1,978M | 2,440M | 1,665M | 40.0 | 43.1 | Nov 6, 2023 | J-GAAP |
|
|
28,506M | 2,608M | 2,763M | 1,879M | 44.9 | 43.9 | Nov 6, 2024 | J-GAAP |
|
|
30,952M | 2,720M | 2,867M | 2,054M | 50.2 | 40.2 | Nov 5, 2025 | J-GAAP |
| YoY | +8.6% | +4.3% | +3.8% | +9.3% | +11.9% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 31,100M | 2,870M | 2,890M | 1,950M | 48.0 | 29 | May 9, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 30,952M | 2,720M | 2,867M | 2,054M | 50.2 | 29 | Nov 5, 2025 | J-GAAP |
| Revision Rate | -0.5% | -5.2% | -0.8% | +5.3% | +4.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
30,254M | 3,375M | 3,527M | 2,526M | 61.3 | 23 | May 9, 2025 | J-GAAP |
|
Guidance
Oct - Mar, 2025
|
33,048M | 4,280M | 4,273M | 2,846M | 70.5 | 29 | Nov 5, 2025 | J-GAAP |
| YoY | +9.2% | +26.8% | +21.2% | +12.7% | +14.9% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
52,755M | 5,121M | 5,658M | 3,728M | 90.1 | 26 | May 10, 2024 | J-GAAP |
|
|
58,760M | 5,983M | 6,290M | 4,405M | 106.9 | 42 | May 9, 2025 | J-GAAP |
|
Guidance
Mar, 2026
|
64,000M | 7,000M | 7,140M | 4,900M | 121.3 | 58 | May 9, 2025 | J-GAAP |
| YoY | +8.9% | +17.0% | +13.5% | +11.2% | +13.5% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
14,748M | 1,738M | 1,736M | 1,123M | 26.8 | 11.8 | Nov 6, 2024 | J-GAAP |
|
|
14,596M | 1,546M | 1,663M | 1,047M | 25.4 | 10.6 | Feb 6, 2025 | J-GAAP |
|
|
15,658M | 1,829M | 1,864M | 1,479M | 35.9 | 11.7 | May 9, 2025 | J-GAAP |
|
|
15,080M | 1,014M | 1,095M | 754M | 18.3 | 6.7 | Aug 5, 2025 | J-GAAP |
|
|
15,872M | 1,706M | 1,772M | 1,300M | 31.8 | 10.7 | Nov 5, 2025 | J-GAAP |
| YoY | +7.6% | -1.8% | +2.1% | +15.8% | +18.5% |
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