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CREATE SD, First Half Ordinary Profit Increases by 8%, Sep-Nov Ordinary Profit Increases by 8%
3148 CREATE SD HOLDINGS CO.,LTD 【J-GAAP】
Earnings ReportCREATE SD HOLDINGS CO.,LTD <3148> [TSE Prime] announced its financial results after the market closed on January 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) increased 8.2% from the same period last year, reaching 11.6 billion yen. However, Progress toward the full-year plan of 24.9 billion yen was 47.0%, almost the same as the five-year average of 48.9%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (second half) is expected to grow 4.8% from the same period last year, reaching 13.2 billion yen.
In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit grew 8.4% from the same period last year, reaching 5.78 billion yen. However, the operating profit margin remained almost flat, changing from 4.7% in the same period last year to 4.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Nov, 2023 | 207,451 | 9,852 | 10,191 | 6,875 | 108.8 | 48.8 | Jan 9, 2024 | J-GAAP |
| Jun - Nov, 2024 | 224,806 | 10,462 | 10,807 | 7,022 | 108.7 | 46.2 | Jan 14, 2025 | J-GAAP |
| Jun - Nov, 2025 | 241,926 | 11,106 | 11,691 | 7,885 | 122.1 | 47.0 | Jan 13, 2026 | J-GAAP |
| YoY | +7.6% | +6.2% | +8.2% | +12.3% | +12.3% |
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 | 240,700 | 11,260 | 11,660 | 7,900 | 122.3 | 45 | Jul 14, 2025 | J-GAAP |
| Jun - Nov, 2025 Results | 241,926 | 11,106 | 11,691 | 7,885 | 122.1 | 45 | Jan 13, 2026 | J-GAAP |
| Revision Rate | +0.5% | -1.4% | +0.3% | -0.2% | -0.2% |
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 | 232,287 | 12,163 | 12,607 | 8,663 | 134.1 | 44 | Jul 14, 2025 | J-GAAP |
| Dec - May, 2025 Guidance | 249,574 | 12,994 | 13,209 | 8,415 | 130.3 | 45 | Jan 13, 2026 | J-GAAP |
| YoY | +7.4% | +6.8% | +4.8% | -2.9% | -2.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| May, 2024 | 422,330 | 20,227 | 20,882 | 13,691 | 215.6 | 64 | Jul 8, 2024 | J-GAAP |
| May, 2025 | 457,093 | 22,625 | 23,414 | 15,685 | 242.8 | 78 | Jul 14, 2025 | J-GAAP |
| May, 2026 Guidance | 491,500 | 24,100 | 24,900 | 16,300 | 252.3 | 90 | Jul 14, 2025 | J-GAAP |
| YoY | +7.5% | +6.5% | +6.3% | +3.9% | +3.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Nov, 2024 | 110,908 | 5,178 | 5,336 | 3,597 | 55.7 | 4.7 | Jan 14, 2025 | J-GAAP |
| Dec - Feb, 2024 | 114,663 | 5,969 | 6,137 | 4,163 | 64.5 | 5.2 | Apr 7, 2025 | J-GAAP |
| Mar - May, 2025 | 117,624 | 6,194 | 6,470 | 4,500 | 69.7 | 5.3 | Jul 14, 2025 | J-GAAP |
| Jun - Aug, 2025 | 121,586 | 5,633 | 5,908 | 3,996 | 61.9 | 4.6 | Oct 6, 2025 | J-GAAP |
| Sep - Nov, 2025 | 120,340 | 5,473 | 5,783 | 3,889 | 60.2 | 4.5 | Jan 13, 2026 | J-GAAP |
| YoY | +8.5% | +5.7% | +8.4% | +8.1% | +8.1% |
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