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CHANGE Holdings Posts Higher Sales but Lower Profits, Keeps Full-Year Outlook Intact

Story Highlights
  • CHANGE Holdings grew nine-month sales but saw profits and earnings per share decline.
  • The company kept its full-year forecast and dividend plan while expanding its consolidation scope.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CHANGE Holdings Posts Higher Sales but Lower Profits, Keeps Full-Year Outlook Intact

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CHANGE Holdings,Inc. ( (JP:3962) ) just unveiled an update.

CHANGE Holdings, Inc., a Tokyo Prime-listed digital transformation specialist, reported consolidated sales of ¥41.5 billion for the nine months ended December 31, 2025, up 18.9% year on year, but saw operating profit decline 18.8% to ¥10.6 billion as profit before tax and net profit also fell, compressing basic earnings per share to ¥98.92. Total assets rose to ¥126.4 billion and equity attributable to owners increased to ¥47.3 billion despite a lower equity ratio, while the company maintained its full-year forecast for fiscal 2026, including sales of ¥55.0 billion, modest profit growth, a planned year-end dividend of ¥23 per share, and ongoing portfolio reshaping through the consolidation of five new subsidiaries and the exclusion of one entity.

Management highlighted that the scope of consolidation expanded with the addition of Grivity, Thirdly, G-Gravity, PERF and Onwords, while Orb was removed, indicating continued emphasis on M&A to support medium-term growth. Although margins softened during the nine-month period, the reaffirmed earnings and dividend forecasts suggest confidence in stabilizing profitability and generating shareholder returns as the enlarged group is integrated and positioned for gradual earnings recovery.

More about CHANGE Holdings,Inc.

CHANGE Holdings, Inc. is listed on the Tokyo Stock Exchange Prime Market and operates under International Financial Reporting Standards, focusing on technology-driven services that support digital transformation and operational efficiency for corporate and public-sector clients in Japan. The group actively pursues growth through acquisitions, as reflected in the recent addition of several subsidiaries, while periodically realigning its portfolio by excluding non-core units.

Average Trading Volume: 561,618

Technical Sentiment Signal: Sell

Current Market Cap: Yen74.03B

For an in-depth examination of 3962 stock, go to TipRanks’ Overview page.

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