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CE Holdings, First Half Ordinary Profit Increases by 15%
4320 CE Holdings Co.,Ltd. 【J-GAAP】
Earnings ReportCE Holdings Co.,Ltd. <4320> [TSE Std] announced its financial results after the market closed on May 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2026 (October 2025 to March 2026) increased 14.9% from the same period last year, reaching 1.42 billion yen. Progress toward the full-year plan of 1.60 billion yen was 89.0%, also surpassing the five-year average of 70.5%.
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 April to September period (second half) is expected to decrease 5.9% from the same period last year to 0.17 billion yen.
In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit decreased to 0.75 billion yen, a 10.2% decrease compared to the same period last year. The operating profit margin decreased from 15.5% in the same period last year to 12.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2023 | 8,070 | 741 | 744 | 371 | 24.8 | 64.5 | May 10, 2024 | J-GAAP |
| Oct - Mar, 2024 | 9,199 | 1,230 | 1,239 | 707 | 46.5 | 86.9 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 | 10,877 | 1,399 | 1,424 | 708 | 42.5 | 89.0 | May 8, 2026 | J-GAAP |
| YoY | +18.2% | +13.7% | +14.9% | +0.1% | -8.5% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2025 Guidance | 10,700 | 1,380 | 1,380 | 690 | 41.4 | 0 | Mar 30, 2026 | J-GAAP |
| Oct - Mar, 2025 Results | 10,877 | 1,399 | 1,424 | 708 | 42.5 | 0 | May 8, 2026 | J-GAAP |
| Revision Rate | +1.7% | +1.4% | +3.2% | +2.6% | +2.8% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 6,632 | 181 | 187 | 850 | 54.0 | 52 | Nov 7, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 5,123 | 201 | 176 | 162 | 9.7 | 24 | May 8, 2026 | J-GAAP |
| YoY | -22.8% | +11.0% | -5.9% | -80.9% | -82.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep, 2024 | 14,554 | 1,148 | 1,154 | 123 | 8.2 | 18 | Nov 8, 2024 | J-GAAP |
| Sep, 2025 | 15,831 | 1,411 | 1,426 | 1,557 | 98.9 | 52 | Nov 7, 2025 | J-GAAP |
| Sep, 2026 Guidance | 16,000 | 1,600 | 1,600 | 870 | 52.2 | 24 | Mar 30, 2026 | J-GAAP |
| YoY | +1.1% | +13.4% | +12.2% | -44.1% | -47.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 5,402 | 840 | 843 | 507 | 33.3 | 15.5 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 3,121 | -35 | -34 | -52 | -3.4 | -1.1 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 3,511 | 216 | 221 | 902 | 57.3 | 6.2 | Nov 7, 2025 | J-GAAP |
| Oct - Dec, 2025 | 5,057 | 655 | 667 | 376 | 22.6 | 13.0 | Feb 6, 2026 | J-GAAP |
| Jan - Mar, 2026 | 5,820 | 744 | 757 | 332 | 20.0 | 12.8 | May 8, 2026 | J-GAAP |
| YoY | +7.7% | -11.4% | -10.2% | -34.5% | -40.1% |
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