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CENTRAL GENERAL DEVELOPMENT, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 74% Decrease, Dividend Revised down by 13 Yen

Wed Mar 18, 2026 3:30 pm JST Revision

3238 CENTRAL GENERAL DEVELOPMENT CO.,LTD. 【J-GAAP】

Guidance Update Report

CENTRAL GENERAL DEVELOPMENT CO.,LTD. <3238> [TSE Std] announced a revision to its performance and dividend after the market closed on March 18th (15:30). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has decreased 75.0%, from the previous forecast of 0.80 billion yen to 0.20 billion yen (compared to 0.76 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 73.9% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit has decreased 29.6%, from the previous forecast of 2.03 billion yen to 1.43 billion yen (compared to 2.06 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 1.8% to 30.8%.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 16 yen to 3 yen (compared to 14 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 34,971 2,395 2,030 1,371 142.6 16 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 27,371 1,695 1,430 961 99.9 3 Mar 18, 2026 J-GAAP
Revision Rate -21.7% -29.2% -29.6% -29.9% -29.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 46,000 1,500 800 500 52.0 16 May 9, 2025 J-GAAP
Mar, 2026 New 38,400 800 200 90 9.4 3 Mar 18, 2026 J-GAAP
Revision Rate -16.5% -46.7% -75.0% -82.0% -82.0%

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 25,265 2,298 2,067 1,415 147.8 14 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 27,371 1,695 1,430 961 99.9 3 Mar 18, 2026 J-GAAP
YoY +8.3% -26.2% -30.8% -32.1% -32.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 31,925 1,706 1,356 904 94.7 18 May 10, 2024 J-GAAP
Mar, 2025 30,883 1,245 765 497 51.9 14 May 9, 2025 J-GAAP
Mar, 2026 Guidance 38,400 800 200 90 9.4 3 Mar 18, 2026 J-GAAP
YoY +24.3% -35.7% -73.9% -81.9% -82.0%

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