CHANGE Holdings, Apr-Jun (1Q) Net Income Decreases by 66%

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Thu Aug 14, 2025 3:30 pm JST Earnings

3962 CHANGE Holdings, Inc. 【IFRS】

Earnings Report

CHANGE Holdings, Inc. <3962> [TSE Prime] announced its financial results (based on IFRS) after the market closed on August 14th (15:30). The consolidated net income for the first quarter of the fiscal year ending March 2026 (April to June) significantly dropped 66.2% from the same period last year to 0.46 billion yen. Progress toward the full-year plan of 7.90 billion yen was 5.9%, also falling below the three-year average of 13.3%.

In the most recent three-month period, from April to June (1Q), the operating profit margin sharply declined from 28.8% in the same period last year to 6.8%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Jun, 2023	5,118	717	1,136	855	11.8	26.0	Aug 14, 2023	IFRS
Apr - Jun, 2024	8,139	2,345	2,177	1,386	19.4	63.0	Aug 14, 2024	IFRS
Apr - Jun, 2025	9,908	678	889	469	6.7	ー	Aug 14, 2025	IFRS
YoY	+21.7%	-71.1%	-59.2%	-66.2%	-65.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024	16,512	3,813	3,453	2,076	29.4	0	Nov 13, 2024	IFRS
Apr - Sep, 2025 Guidance	ー	ー	ー	ー	－	0	May 15, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	37,015	7,383	7,250	4,262	58.9	18.70	May 15, 2024	IFRS
Mar, 2025	46,387	13,515	12,745	7,532	107.5	20.90	May 15, 2025	IFRS
Mar, 2026 Guidance	55,000	14,000	13,223	7,904	113.6	23	May 15, 2025	IFRS
YoY	+18.6%	+3.6%	+3.8%	+4.9%	+5.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Apr - Jun, 2024	8,139	2,345	2,177	1,386	19.4	28.8	Aug 14, 2024	IFRS
Jul - Sep, 2024	8,373	1,468	1,276	690	9.8	17.5	Nov 13, 2024	IFRS
Oct - Dec, 2024	18,425	9,308	9,136	6,184	88.1	50.5	Feb 13, 2025	IFRS
Jan - Mar, 2025	11,450	394	156	-728	-10.4	3.4	May 15, 2025	IFRS
Apr - Jun, 2025	9,908	678	889	469	6.7	6.8	Aug 14, 2025	IFRS
YoY	+21.7%	-71.1%	-59.2%	-66.2%	-65.2%