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CDS, Jan-Sep (Cumulative 3Q) Ordinary Profit Decreases by 46%, Jul-Sep Ordinary Profit Decreases by 70%

Wed Nov 12, 2025 3:30 pm JST Earnings

2169 CDS Co.,Ltd. 【J-GAAP】

Earnings Report

CDS Co.,Ltd. <2169> [TSE Std] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) dropped 45.6% from the same period last year to 583 million yen. Progress toward the full-year plan of 942 million yen was 61.9%, also falling below the five-year average of 71.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease 17.3% from the same period last year to 359 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 117 million yen, a 70.0% decrease compared to the same period last year. The operating profit margin sharply declined from 13.8% in the same period last year to 5.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 7,416 1,170 1,171 786 115.3 79.8 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 7,794 1,072 1,071 715 105.0 71.2 Nov 12, 2024 J-GAAP
Jan - Sep, 2025 6,620 572 583 385 56.5 61.9 Nov 12, 2025 J-GAAP
YoY -15.1% -46.6% -45.6% -46.2% -46.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 5,502 821 824 603 88.5 44 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 4,606 479 476 317 46.5 37 Aug 8, 2025 J-GAAP
YoY -16.3% -41.7% -42.2% -47.4% -47.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 9,722 1,465 1,467 998 146.4 66 Feb 13, 2024 J-GAAP
Dec, 2024 10,492 1,506 1,505 1,056 154.9 78 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 9,259 939 942 628 92.1 74 Aug 8, 2025 J-GAAP
YoY -11.8% -37.6% -37.4% -40.5% -40.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 2,804 387 390 262 38.5 13.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 2,698 434 434 341 50.0 16.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 2,620 333 332 224 33.0 12.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 2,033 127 134 87 12.8 6.2 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 1,967 112 117 74 10.9 5.7 Nov 12, 2025 J-GAAP
YoY -29.9% -71.1% -70.0% -71.8% -71.8%

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