Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 2026 | CERES INC. (3696) timely disclosure

Worth reading

61In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

900

¥ million (full-year operating profit forecast revision)

Wording

Conditional

How definitive the wording is.

Contents of this document

Presentation materials for financial resultsSecond quarter of the fiscal year ending December 202611 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥18,764 million+18.4%

Operating profit¥2,302 million+57.5%

Ordinary income¥1,968 million+84.2%

Net income¥1,115 million-28.1%

Selling, general and administrative expenses¥5,975 million

Gross Profit Marginnot disclosed (Points gross margin: 31.5%; change in percentage points from the year-earlier period: not disclosed)

Full-year earnings forecast

Net Sales

¥37,000 million

Operating profit

¥3,700 million

Ordinary income

¥3,300 million

Net income for the current fiscal year

¥6,000 million

EBITDA

¥10,400 million

EPS

¥518.35

Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。

Net Sales50.7%

Operating profit62.2%

Ordinary income59.7%

Net income for the current fiscal year18.6%

EBITDA25.9%

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Consolidated earnings are progressing steadily

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Operating profit

Points1,964

D2C-506

DX-599

マーキュリー-38

Labol136

CVC54

Adjustments and other items-170

Ordinary income

Operating profit (loss)840

Equity-Method Investment Income and Losses42

Other non-operating income (loss)16

New initiatives

Include SQUIZ in consolidated results from the second quarter
Use the proceeds from the sale of bitbank shares for growth investments, including investment in existing businesses, new businesses and M&A
Revise the annual ordinary dividend from ¥60 to ¥90
Plan to repurchase a total of ¥3 billion of shares

Key KPIsA metric the company considers important as a management benchmark.

Points site revenue

¥7,999 million+59.5%

Points gross margin

31.5 %

Segment results

Mobile Services Business

Net Sales

¥17,438 million+14.2%

Operating profit

¥3,550 million+27.7%

Points

Net Sales

¥15,259 million+60.9%

Operating profit

¥4,053 million+94.1%

D2C

Net Sales

¥2,217 million-15.9%

Operating profit

¥-330 million

Net SalesOutside the scope of consolidation

Operating profitOutside the scope of consolidation

Financial Services Business

Net Sales

¥1,340 million+126.0%

Operating profit

¥-443 million

Medium-term management plan targets

Net Sales

600 Hundreds of millions of yen

Target fiscal year2030

EBITDA

120 Hundreds of millions of yen

Target fiscal year2030

ROE

15 %

Target fiscal year2030

Financial targets

ROE

TargetAverage ROE of 15%

Actual results15.2% average for 2021–2025

Annual Dividend

¥90 per share

Payout ratio

17.4 %

Acquisition of treasury shares

Acquisition amountApproximately ¥500 million completed; up to ¥2.5 billion planned

PeriodTo be determined after the sale of bitbank shares. Depending on the share price and other factors, the period may extend into 2027 or beyond

Three months of the current quarter

Net Sales

¥9,242 million+13.2%

Gross profit

¥3,847 million+8.2%

Selling, general and administrative expenses

¥3,276 million+10.9%

Operating profit

¥571 million-5.0%

Ordinary income

¥407 million-43.1%

Net income

¥122 million-92.4%

EBITDA

¥929 million-69.8%

Contents of this document
Item	Details
Document type	Presentation materials for financial results
Fiscal Period Covered	Second quarter of the fiscal year ending December 2026
Net Sales	¥18,764 million (YoY +18.4%)
Operating profit	¥2,302 million (YoY +57.5%)
Ordinary income	¥1,968 million (YoY +84.2%)
Net income	¥1,115 million (YoY -28.1%)
Gross Profit Margin	not disclosed (Points gross margin: 31.5%; change in percentage points from the year-earlier period: not disclosed)
Selling, general and administrative expenses	¥5,975 million
Three months of the current quarter	Net Sales ¥9,242 million (YoY +13.2%) / Gross profit ¥3,847 million (YoY +8.2%) / Selling, general and administrative expenses ¥3,276 million (YoY +10.9%) / Operating profit ¥571 million (YoY -5.0%) / Ordinary income ¥407 million (YoY -43.1%) / Net income ¥122 million (YoY -92.4%) / EBITDA ¥929 million (YoY -69.8%)
Full-year earnings forecast	Net Sales ¥37,000 million / Operating profit ¥3,700 million / Ordinary income ¥3,300 million / Net income for the current fiscal year ¥6,000 million / EBITDA ¥10,400 million / EPS ¥518.35
Progress against full-year forecast	Net Sales 50.7% / Operating profit 62.2% / Ordinary income 59.7% / Net income for the current fiscal year 18.6% / EBITDA 25.9%
Self-assessment against the plan	Consolidated earnings are progressing steadily
Segment results	Mobile Services Business Net Sales ¥17,438 million (YoY +14.2%) / Operating profit ¥3,550 million (YoY +27.7%) / Points Net Sales ¥15,259 million (YoY +60.9%) / Operating profit ¥4,053 million (YoY +94.1%) / D2C Net Sales ¥2,217 million (YoY -15.9%) / Operating profit ¥-330 million / DX Net Sales Outside the scope of consolidation / Operating profit Outside the scope of consolidation / Financial Services Business Net Sales ¥1,340 million (YoY +126.0%) / Operating profit ¥-443 million
Breakdown of Factors Affecting the Change	Operating profit Points 1,964 / D2C -506 / DX -599 / マーキュリー -38 / Labol 136 / CVC 54 / Adjustments and other items -170 / Ordinary income Operating profit (loss) 840 / Equity-Method Investment Income and Losses 42 / Other non-operating income (loss) 16
Key KPIs	Points site revenue ¥7,999 million (YoY +59.5%) / Points gross margin 31.5 %
Medium-term management plan targets	Net Sales 600 Hundreds of millions of yen / EBITDA 120 Hundreds of millions of yen / ROE 15 %
Financial targets	ROE Target Average ROE of 15% / Actual results 15.2% average for 2021–2025
Annual Dividend	¥90 per share
Payout ratio	17.4 %
Acquisition of treasury shares	Acquisition amount Approximately ¥500 million completed; up to ¥2.5 billion planned / Period To be determined after the sale of bitbank shares. Depending on the share price and other factors, the period may extend into 2027 or beyond
New initiatives	Include SQUIZ in consolidated results from the second quarter, Use the proceeds from the sale of bitbank shares for growth investments, including investment in existing businesses, new businesses and M&A, Revise the annual ordinary dividend from ¥60 to ¥90, Plan to repurchase a total of ¥3 billion of shares

Items this document does not state (10)

Operating profit marginUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the first half, strong performance in financial services projects, the contribution from Point Income, and strong invoice purchasing by Labol drove higher revenue and earnings. As reasons for revising the full-year forecasts, the Company cited growth in Points, the consolidation of SQUIZ from the second quarter, downside at D2C and マーキュリー, the equity-method investment loss related to bitbank, and the extraordinary gain expected from the planned sale of bitbank shares.

How to read this page

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