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CAN DO, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 3.3 times, Exceeds Full-Year Plan

Thu Jan 8, 2026 3:30 pm JST Earnings

2698 CAN DO CO.,LTD. 【J-GAAP】

Earnings Report

CAN DO CO.,LTD. <2698> [TSE Std] announced its financial results after the market closed on January 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2026 (March to November) surged 3.3 times that of the same period last year, reaching 1.50 billion yen. Progress toward the full-year plan of 1.11 billion yen is 135.5%, already exceeding the target and also exceeding the same period of the previous year of 50.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the December to February period (4Q) is expected to turn into a loss of 0.39 billion yen (compared to a profit of 0.45 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit dropped to 0.18 billion yen, a 41.1% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 0.6% in the same period last year to 0.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2023 59,661 302 348 -200 -12.5 117.6 Jan 10, 2024 J-GAAP
Mar - Nov, 2024 62,440 536 458 -72 -4.5 50.3 Jan 9, 2025 J-GAAP
Mar - Nov, 2025 64,924 1,510 1,504 709 44.4 135.5 Jan 8, 2026 J-GAAP
YoY +4.0% +181.7% +228.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2024 41,611 431 761 80 5.0 8.50 Apr 10, 2025 J-GAAP
Sep - Feb, 2025 Guidance 48,428 -244 -212 -625 -39.1 8.50 Oct 10, 2025 J-GAAP
YoY +16.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 80,357 242 296 -1,166 -73.0 17 Apr 9, 2024 J-GAAP
Feb, 2025 83,380 849 910 -163 -10.2 17 Apr 10, 2025 J-GAAP
Feb, 2026 Guidance 91,800 1,080 1,110 100 6.3 17 Apr 10, 2025 J-GAAP
YoY +10.1% +27.2% +22.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 20,671 118 309 171 10.8 0.6 Jan 9, 2025 J-GAAP
Dec - Feb, 2024 20,940 313 452 -91 -5.7 1.5 Apr 10, 2025 J-GAAP
Mar - May, 2025 21,951 660 661 362 22.7 3.0 Jul 10, 2025 J-GAAP
Jun - Aug, 2025 21,421 664 661 363 22.7 3.1 Oct 10, 2025 J-GAAP
Sep - Nov, 2025 21,552 186 182 -16 -1.0 0.9 Jan 8, 2026 J-GAAP
YoY +4.3% +57.6% -41.1%

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