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Cados, First Half Ordinary Profit Decreases by 70%, Nov-Jan Ordinary Profit Decreases by 67%

Fri Mar 13, 2026 2:00 pm JST Earnings

211A Cados Corporation 【J-GAAP】

Earnings Report

Cados Corporation <211A> [TSE Std] announced its financial results in the afternoon session on March 13th (14:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending July 2026 (August 2025 to January 2026) significantly dropped 70.0% from the same period last year to 138 million yen. Progress toward the full-year plan of 988 million yen was 14.0%, also falling below the same period of the previous year of 49.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the February to July period (second half) is expected to expand 78.2% from the same period last year, reaching 850 million yen.

In the most recent three-month period, from November to January (2Q), the ordinary profit significantly dropped to 95 million yen, a 67.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 14.1% in the same period last year to 7.3%.

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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
Aug - Jan, 2024 3,747 457 460 319 315.6 49.1 Mar 13, 2025 J-GAAP
Aug - Jan, 2025 2,413 139 138 95 95.2 14.0 Mar 13, 2026 J-GAAP
YoY -35.6% -69.6% -70.0% -70.2% -69.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2025 Guidance ー ー ー ー － 0 Sep 12, 2025 J-GAAP
Aug - Jan, 2025 Results 2,413 139 138 95 95.2 0 Mar 13, 2026 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 3,840 480 477 339 345.6 150 Sep 12, 2025 J-GAAP
Feb - Jul, 2026 Guidance 5,387 851 850 580 576.0 180 Mar 13, 2026 J-GAAP
YoY +40.3% +77.3% +78.2% +71.1% +66.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 6,475 637 601 405 533.7 85 Sep 12, 2024 J-GAAP
Jul, 2025 7,587 937 937 658 670.7 150 Sep 12, 2025 J-GAAP
Jul, 2026 Guidance 7,800 990 988 675 670.4 180 Sep 12, 2025 J-GAAP
YoY +2.8% +5.7% +5.4% +2.6% -0.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 2,013 284 289 200 197.8 14.1 Mar 13, 2025 J-GAAP
Feb - Apr, 2025 1,846 273 271 195 194.6 14.8 Jun 12, 2025 J-GAAP
May - Jul, 2025 1,994 207 206 144 146.8 10.4 Sep 12, 2025 J-GAAP
Aug - Oct, 2025 1,085 42 43 31 31.2 3.9 Dec 12, 2025 J-GAAP
Nov - Jan, 2025 1,328 97 95 64 64.2 7.3 Mar 13, 2026 J-GAAP
YoY -34.0% -65.8% -67.1% -68.0% -67.6%

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