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Cookpad plunges in afternoon trading to fresh year-to-date low after swinging to net loss in Jan-Mar

Fri May 8, 2026 1:56 pm JST Catalyst

Cookpad Inc. <2193> plunged to a year-to-date low in afternoon trading. During mid-day trade, the company released its consolidated first-quarter results for the year ending December 2026. Revenue fell 7.7% year-on-year to 1.267 billion yen, while the company swung to a net loss of 417 million yen from a profit of 111 million yen a year earlier, sparking a sell-off. The revenue drop was primarily driven by a decline in premium subscribers to its recipe service, while 182 million yen in one-time costs tied to overseas workforce restructuring dragged Cookpad into an operating loss. The net loss was further weighed down by financial costs stemming from fair value adjustments of securities.

Source: MINKABU PRESS

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

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