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Cocolive, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 34% Decrease

Fri Jan 9, 2026 3:30 pm JST Earnings

137A Cocolive, Inc. 【J-GAAP】

Earnings Report

Cocolive, Inc. <137A> [TSE Growth] announced its financial results after the market closed on January 9th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2026 (June to November) decreased 9.8% from the same period last year to 111 million yen.

In addition, the full-year forecast for ordinary profit has decreased 41.3%, from the previous forecast of 315 million yen to 185 million yen (compared to 281 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 34.2% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the December to May period (second half) is expected to significant drop 53.2% from the same period last year to 74 million yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit dropped to 45 million yen, a 34.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 21.9% in the same period last year to 12.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Nov, 2024 617 123 123 85 29.1 43.8 Jan 10, 2025 J-GAAP
Jun - Nov, 2025 712 109 111 76 25.4 60.0 Jan 9, 2026 J-GAAP
YoY +15.4% -11.4% -9.8% -10.6% -12.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance ー ー ー ー － 0 Jul 11, 2025 J-GAAP
Jun - Nov, 2025 Results 712 109 111 76 25.4 0 Jan 9, 2026 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2026 Prev 1,518 314 315 231 76.4 0 Jul 11, 2025 J-GAAP
May, 2026 New 1,451 182 185 143 47.3 0 Jan 9, 2026 J-GAAP
Revision Rate -4.4% -42.0% -41.3% -38.1% -38.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 684 156 158 124 42.4 0 Jul 11, 2025 J-GAAP
Dec - May, 2025 Guidance 739 73 74 67 22.2 0 Jan 9, 2026 J-GAAP
YoY +8.0% -53.2% -53.2% -46.0% -47.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 1,027 215 203 149 53.4 0 Jul 12, 2024 J-GAAP
May, 2025 1,301 279 281 209 71.4 0 Jul 11, 2025 J-GAAP
May, 2026 Guidance 1,451 182 185 143 47.3 0 Jan 9, 2026 J-GAAP
YoY +11.5% -34.8% -34.2% -31.6% -33.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 315 69 69 48 16.5 21.9 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 337 84 86 59 20.3 24.9 Apr 11, 2025 J-GAAP
Mar - May, 2025 347 72 72 65 22.2 20.7 Jul 11, 2025 J-GAAP
Jun - Aug, 2025 354 65 66 45 15.3 18.4 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 358 44 45 31 10.4 12.3 Jan 9, 2026 J-GAAP
YoY +13.7% -36.2% -34.8% -35.4% -37.0%

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