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CERES INC. hits daily limit up in afternoon session, swings to net profit in Jan-Mar on strong performance of reward point sites

Thu Apr 30, 2026 1:33 pm JST Catalyst

CERES INC. <3696> shares were bid-only at their daily limit-up of 1,795 yen, up 300 yen from the previous session. Around midday, the company reported consolidated results for the first quarter ended March 2026. Revenue rose 23.9% year-on-year to 9.52 billion yen, while operating profit doubled to 1.73 billion yen. Net profit reached 993 million yen, swinging from a 57 million yen loss a year earlier. Ceres also announced a share buyback of up to 350,000 shares, or 2.98% of outstanding stock, worth 500 million yen, drawing strong buyer interest.

The company, which operates reward point sites Moppy and Point Income, saw revenue in its point site business jump 68.1% to 7.29 billion yen, driven by higher advertising spending from the financial sector. The buyback will take place on the Tokyo Stock Exchange from May 1 to Dec. 30.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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