Ceres Inc. Revises FY2026 Earnings Forecast Upward on Mobile Services Growth
Ceres Inc. (TSE:3696) raised its full-year earnings guidance for the fiscal year ending December 2026, driven by stronger-than-expected performance in its mobile services business and contributions from newly consolidated subsidiary SQUIZ.
| Item | Before | After | Change | Change % |
|---|---|---|---|---|
| Revenue | 35,700 | 37,000 | 1,300 | 3.6% |
| EBITDA | 8,850 | 10,400 | 1,550 | 17.5% |
| Operating Profit | 2,800 | 3,700 | 900 | 32.1% |
| Ordinary Income | 2,800 | 3,300 | 500 | 17.9% |
| Net Profit | 5,900 | 6,000 | 100 | 1.7% |
| EPS | 509.71 | 518.35 | 8.64 | 1.7% |
All figures in JPY million except EPS in JPY/share
The company cited point accumulation growth in its mobile services segment, with the April 2026 consolidation of SQUIZ bolstering both revenue and profitability. Its flagship “Moppie” platform is capturing stronger advertising demand, particularly from financial sector clients, driving a 32.1% upward revision to operating profit. The D2C business faces headwinds from weak core product sales, though user growth in SQUIZ-owned “Oops HAIR” is offsetting declines. However, ordinary income (keijo rieki)—a Japan-specific profit metric including non-operating items—grew only 17.9% due to investment losses at affiliate BitBank Inc., reflecting weakness in cryptocurrency markets.
The revision demonstrates solid operational momentum in core mobile services, with operating profit expanding significantly. However, the muted net profit growth and ordinary income headwinds from financial asset losses warrant investor attention. The company’s exposure to cryptocurrency-related holdings presents downside risk should digital asset valuations remain depressed, potentially offsetting gains from the mobile services rebound.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.