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COVER, Last Fiscal Year's Ordinary Profit Unexpectedly Declines, 1% Decrease in The Current Fiscal Year

Thu May 14, 2026 3:30 pm JST Earnings

5253 COVER Corporation 【J-GAAP】

Earnings Report

COVER Corporation <5253> [TSE Growth] announced its financial results after the market closed on May 14th (15:30). The ordinary profit (non-consolidated) for the fiscal year ended March 2026 decreased by 11.2% from the previous period to 7.06 billion yen, falling below the forecast of 8.20 billion yen, a complete reversal from the forecasted increase in profit. For the fiscal year ending March 2027, the ordinary profit is nearly flat with a slight decrease of 1.0% from the previous period to 7.00 billion yen.

In the most recent three-month period, from January to March (4Q), the ordinary profit decreased to 1.77 billion yen, a 25.0% decrease compared to the same period last year. The operating profit margin decreased from 16.9% in the same period last year to 12.5%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 30,166 5,536 5,623 4,137 67.7 0 May 13, 2024 J-GAAP
Mar, 2025 43,401 8,001 7,962 5,559 88.7 0 May 13, 2025 J-GAAP
Mar, 2026 49,330 7,056 7,068 3,016 46.0 0 May 14, 2026 J-GAAP
YoY +13.7% -11.8% -11.2% -45.7% -48.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 52,500 8,200 8,200 5,700 86.8 0 May 13, 2025 J-GAAP
Mar, 2026 Results 49,330 7,056 7,068 3,016 46.0 0 May 14, 2026 J-GAAP
Revision Rate -6.0% -14.0% -13.8% -47.1% -47.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 21,754 2,666 2,674 1,999 30.5 0 Nov 11, 2025 J-GAAP
Apr - Sep, 2026 Guidance 22,270 1,930 1,930 1,350 20.6 0 May 14, 2026 J-GAAP
YoY +2.4% -27.6% -27.8% -32.5% -32.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 43,401 8,001 7,962 5,559 88.7 0 May 13, 2025 J-GAAP
Mar, 2026 49,330 7,056 7,068 3,016 46.0 0 May 14, 2026 J-GAAP
Mar, 2027 Guidance 51,350 7,000 7,000 4,900 74.6 0 May 14, 2026 J-GAAP
YoY +4.1% -0.8% -1.0% +62.5% +62.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 14,538 2,457 2,362 1,782 28.4 16.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 9,629 972 932 693 10.6 10.1 Aug 12, 2025 J-GAAP
Jul - Sep, 2025 12,125 1,694 1,742 1,306 19.9 14.0 Nov 11, 2025 J-GAAP
Oct - Dec, 2025 12,927 2,559 2,623 1,928 29.4 19.8 Feb 12, 2026 J-GAAP
Jan - Mar, 2026 14,649 1,831 1,771 -911 -13.9 12.5 May 14, 2026 J-GAAP
YoY +0.8% -25.5% -25.0% － －

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