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CHANGE Holdings, Net Income for This Fiscal Year Projected at 6.6-7.3 Billion Yen, Dividend Raised by 3 Yen

Thu May 14, 2026 3:30 pm JST Earnings

3962 CHANGE Holdings, Inc. 【IFRS】

Earnings Report

CHANGE Holdings, Inc. <3962> [TSE Prime] announced its financial results (based on IFRS) after the market closed on May 14th (15:30). The consolidated net income for the fiscal year ended March 2026 decreased by 7.1% from the previous period to 6.93 billion yen. For the fiscal year ending March 2027, the consolidated net income is projected to range from 6.69 billion to 7.31 billion yen, representing a 0.9% increase from the previous fiscal year based on the midpoint. This will be the fourth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 26 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated net income/loss turned to a profit of 0.05 billion yen (compared to a loss of 0.73 billion yen in the same period last year). The operating profit margin improved from 3.3% in the same period last year to 5.7%.

Note: If the earnings forecast is disclosed as a range, the article is based on the midpoint of that range.

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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 37,015 7,383 7,250 4,262 58.9 18.70 May 15, 2024 IFRS
Mar, 2025 46,387 13,420 12,650 7,470 106.6 20.90 May 15, 2025 IFRS
Mar, 2026 52,827 11,225 11,020 6,937 99.7 23 May 14, 2026 IFRS
YoY +13.9% -16.4% -12.9% -7.1% -6.5%

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 55,000 14,000 13,223 7,904 113.6 23 May 15, 2025 IFRS
Mar, 2026 Results 52,827 11,225 11,020 6,937 99.7 23 May 14, 2026 IFRS
Revision Rate -4.0% -19.8% -16.7% -12.2% -12.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 22,266 2,500 2,744 1,561 22.5 0 Nov 13, 2025 IFRS
Apr - Sep, 2026 Guidance ー ー ー ー － 0 May 14, 2026 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 46,387 13,420 12,650 7,470 106.6 20.90 May 15, 2025 IFRS
Mar, 2026 52,827 11,225 11,020 6,937 99.7 23 May 14, 2026 IFRS
Mar, 2027 Guidance 58,412 12,000 11,273 7,000 100.6 26 May 14, 2026 IFRS
YoY +10.6% +6.9% +2.3% +0.9% +0.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 11,450 376 139 -738 -10.5 3.3 May 15, 2025 IFRS
Apr - Jun, 2025 9,908 678 889 469 6.7 6.8 Aug 14, 2025 IFRS
Jul - Sep, 2025 12,358 1,822 1,855 1,092 15.7 14.7 Nov 13, 2025 IFRS
Oct - Dec, 2025 19,261 8,086 8,028 5,321 76.5 42.0 Feb 12, 2026 IFRS
Jan - Mar, 2026 11,300 639 248 55 0.8 5.7 May 14, 2026 IFRS
YoY -1.3% +69.9% +78.4% － －

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