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CRESCO, First Half Ordinary Profit Increases by 4%

Wed Nov 5, 2025 4:00 pm JST Earnings

4674 CRESCO LTD. 【J-GAAP】

Earnings Report

CRESCO LTD. <4674> [TSE Prime] announced its financial results after the market closed on November 5th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 3.8% from the same period last year, reaching 2.86 billion yen. However, Progress toward the full-year plan of 7.14 billion yen was 40.2%, also falling below the five-year average of 43.9%.

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 October to March period (second half) is expected to grow 21.2% from the same period last year, reaching 4.27 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.77 billion yen, an increase of 2.1% compared to the same period last year. However, the operating profit margin decreased from 11.8% in the same period last year to 10.7%.

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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
Apr - Sep, 2023 25,631 1,978 2,440 1,665 40.0 43.1 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 28,506 2,608 2,763 1,879 44.9 43.9 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 30,952 2,720 2,867 2,054 50.2 40.2 Nov 5, 2025 J-GAAP
YoY +8.6% +4.3% +3.8% +9.3% +11.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 31,100 2,870 2,890 1,950 48.0 29 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 30,952 2,720 2,867 2,054 50.2 29 Nov 5, 2025 J-GAAP
Revision Rate -0.5% -5.2% -0.8% +5.3% +4.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 30,254 3,375 3,527 2,526 61.3 23 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 33,048 4,280 4,273 2,846 70.5 29 Nov 5, 2025 J-GAAP
YoY +9.2% +26.8% +21.2% +12.7% +15.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 52,755 5,121 5,658 3,728 90.1 26 May 10, 2024 J-GAAP
Mar, 2025 58,760 5,983 6,290 4,405 106.9 42 May 9, 2025 J-GAAP
Mar, 2026 Guidance 64,000 7,000 7,140 4,900 121.4 58 May 9, 2025 J-GAAP
YoY +8.9% +17.0% +13.5% +11.2% +13.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 14,748 1,738 1,736 1,123 26.8 11.8 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 14,596 1,546 1,663 1,047 25.4 10.6 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 15,658 1,829 1,864 1,479 35.9 11.7 May 9, 2025 J-GAAP
Apr - Jun, 2025 15,080 1,014 1,095 754 18.3 6.7 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 15,872 1,706 1,772 1,300 31.8 10.7 Nov 5, 2025 J-GAAP
YoY +7.6% -1.8% +2.1% +15.8% +18.5%

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