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CEDAR.Co, Net Income Forecast for the Fiscal Year Revised Upward to an Unexpected 11% Increase, Raises Record High Profit, Dividend Revised Upward by 2 Yen

Thu Mar 5, 2026 5:00 pm JST Revision

2435 CEDAR.Co.,Ltd 【J-GAAP】

Guidance Update Report

CEDAR.Co.,Ltd <2435> [TSE Std] announced a revision to its performance and dividend after the market closed on March 5th (17:00). The consolidated net income forecast for the fiscal year ending March 2026 has been revised upward 96.4%, from the previous forecast of 251 million yen to 493 million yen (compared to 444 million yen in the previous period), record profits reach two consecutive terms, turning to an 11.0% increase in the consolidated net income outlook. However, the full-year forecast for consolidated operating profit has decreased 2.5%, from the previous forecast of 670 million yen to 653 million yen (compared to 892 million yen in the previous period), leading to an increase in the profit decline rate from 24.9% to 26.8%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income is expected to increase 12 times, from the previous forecast of 23 million yen to 265 million yen (compared to 199 million yen in the same period of the previous year), turning to a 33.2% increase in the consolidated net income outlook.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 6 yen to 8 yen (compared to 10 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 8,854 342 92 23 2.1 6 Nov 6, 2025 J-GAAP
Oct - Mar, 2025 New 9,113 325 179 265 23.6 8 Mar 5, 2026 J-GAAP
Revision Rate +2.9% -5.0% +94.6% +1,052.2% +1,051.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 17,898 670 396 251 22.4 6 May 9, 2025 J-GAAP
Mar, 2026 New 18,157 653 483 493 43.9 8 Mar 5, 2026 J-GAAP
Revision Rate +1.4% -2.5% +22.0% +96.4% +96.4%

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 9,113 325 179 265 23.6 8 Mar 5, 2026 J-GAAP
YoY +2.3% -0.9% -8.7% +33.2% +32.9%

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 18,157 653 483 493 43.9 8 Mar 5, 2026 J-GAAP
YoY +1.8% -26.8% -27.7% +11.0% +10.8%

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