Cookpad (2193) Q2 2026 earnings summary

Executive summary

• Sales revenue declined 7.8% year over year in the first half, mainly due to a drop in Premium Services membership, totaling ¥2,510 million for the six months ended June 30, 2026.

• Operating income fell 98.1% year over year to ¥3 million, impacted by one-off workforce reduction costs.

• Profit attributable to shareholders rose sharply to ¥524 million, up 1,311.2% year over year, driven by finance income from fair value measurement of securities.

• Workforce reduced by 22.8% year over year and 17.0% quarter over quarter, reflecting streamlining efforts.

Financial highlights

• SG&A expenses for Q2 FY2026 decreased by 22.0% quarter over quarter and 1.4% year over year, mainly due to lower personnel costs, despite ¥185 million in one-off costs for overseas workforce reductions.

• Operating profit for Q2 FY2026 was 140 million yen, a turnaround from a loss in the previous quarter.

• Cash and cash equivalents at quarter end were ¥6,245 million, up 4.5% quarter over quarter and ¥360 million from December 31, 2025, but down 39.0% year over year.

• Basic earnings per share increased to ¥7.25 from ¥0.46 year over year.

• Total comprehensive income for the period was ¥582 million, up from ¥62 million in the prior year.

Outlook and guidance

• No consolidated earnings forecast for FY2026 has been disclosed due to uncertainty in timing and scale of planned proactive investments aligned with external environment developments.

• The company plans to flexibly invest in services to enhance everyday cooking globally.