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CUC, First Half Net Income Decreases by 70%, Jul-Sep Net Income Decreases by 61%

Mon Nov 10, 2025 3:30 pm JST Earnings

9158 CUC Inc. 【IFRS】

Earnings Report

CUC Inc. <9158> [TSE Growth] announced its financial results (based on IFRS) after the market closed on November 10th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) significantly dropped 69.5% from the same period last year to 0.61 billion yen. Progress toward the full-year plan of 2.88 billion yen was 21.3%, also falling below the four-year average of 57.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to surge 2.0 times that of the same period last year, reaching 2.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 0.40 billion yen, a 61.3% decrease compared to the same period last year. The operating profit margin sharply declined from 15.5% in the same period last year to 7.3%.

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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
Apr - Sep, 2023 15,346 1,778 1,680 1,039 40.1 40.6 Oct 25, 2023 IFRS
Apr - Sep, 2024 21,611 3,047 3,180 2,009 68.5 60.6 Oct 28, 2024 IFRS
Apr - Sep, 2025 26,291 1,711 1,397 612 20.9 27.9 Nov 10, 2025 IFRS
YoY +21.7% -43.8% -56.1% -69.5% -69.5%

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 ー ー ー ー － 0 Apr 28, 2025 IFRS
Apr - Sep, 2025 Results 26,291 1,711 1,397 612 20.9 0 Nov 10, 2025 IFRS
Revision Rate － － － － －

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 25,432 2,296 2,066 1,122 38.3 0 Apr 28, 2025 IFRS
Oct - Mar, 2025 Guidance 31,959 3,789 3,603 2,268 77.4 0 Nov 10, 2025 IFRS
YoY +25.7% +65.0% +74.4% +102.1% +102.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 33,025 3,737 4,138 2,595 94.0 0 Apr 24, 2024 IFRS
Mar, 2025 47,043 5,343 5,246 3,131 106.8 0 Apr 28, 2025 IFRS
Mar, 2026 Guidance 58,250 5,500 5,000 2,880 98.2 0 Apr 28, 2025 IFRS
YoY +23.8% +2.9% -4.7% -8.0% -8.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 11,014 1,706 1,594 1,043 35.6 15.5 Oct 28, 2024 IFRS
Oct - Dec, 2024 12,951 1,529 1,356 761 26.0 11.8 Jan 29, 2025 IFRS
Jan - Mar, 2025 12,481 767 710 361 12.3 6.1 Apr 28, 2025 IFRS
Apr - Jun, 2025 12,996 744 595 208 7.1 5.7 Aug 4, 2025 IFRS
Jul - Sep, 2025 13,295 967 802 404 13.8 7.3 Nov 10, 2025 IFRS
YoY +20.7% -43.3% -49.7% -61.3% -61.2%

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