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CEDAR.Co, First Half Ordinary Profit Decreases by 36%

Thu Nov 13, 2025 12:00 pm JST Earnings

2435 CEDAR.Co.,Ltd 【J-GAAP】

Earnings Report

CEDAR.Co.,Ltd <2435> [TSE Std] announced its financial results at noon (12:00) on November 13th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 35.6% from the same period last year to 304 million yen. Progress toward the full-year plan of 396 million yen was 76.8%, also surpassing the five-year average of 61.3%.

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 significant drop 53.1% from the same period last year to 92 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 162 million yen, a 25.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.9% in the same period last year to 2.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 8,602 426 337 226 20.2 52.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 8,923 564 472 245 21.9 70.7 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 9,044 328 304 228 20.4 76.8 Nov 13, 2025 J-GAAP
YoY +1.4% -41.8% -35.6% -6.9% -6.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 9,044 328 304 228 20.3 0 Nov 6, 2025 J-GAAP
Apr - Sep, 2025 Results 9,044 328 304 228 20.4 0 Nov 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 8,906 328 196 199 17.8 10 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 8,854 342 92 23 2.1 6 Nov 6, 2025 J-GAAP
YoY -0.6% +4.3% -53.1% -88.4% -88.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 17,304 767 646 203 18.1 4 May 14, 2024 J-GAAP
Mar, 2025 17,829 892 668 444 39.7 10 May 9, 2025 J-GAAP
Mar, 2026 Guidance 17,898 670 396 251 22.4 6 May 9, 2025 J-GAAP
YoY +0.4% -24.9% -40.7% -43.5% -43.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 4,483 263 216 170 15.2 5.9 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 4,514 199 127 131 11.7 4.4 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 4,392 129 69 68 6.1 2.9 May 9, 2025 J-GAAP
Apr - Jun, 2025 4,503 198 142 101 9.0 4.4 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 4,541 130 162 127 11.4 2.9 Nov 13, 2025 J-GAAP
YoY +1.3% -50.6% -25.0% -25.3% -25.1%

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