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CUC Inc. — Earnings Release 2026
Jun 4, 2026
14493_rns_2026-06-04_67cd9508-695a-4010-9850-33578aa25100.pdf
Earnings Release
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Note: This document is a translation of the original Japanese language document and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original Japanese language document, the original Japanese language document shall prevail in all respects.
FASF
June 4, 2026
Company name: CUC Inc.
Representative: Keita Hamaguchi, Representative Director
Code number: (9158, Tokyo Stock Exchange Growth)
Contact: Yusuke Ohashi
(TEL: +81-3-5005-0808)
(Correction) Announcement Regarding Partial Correction to “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (IFRS)”
CUC Inc. (“CUC”) hereby announces partial corrections to its “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (IFRS)”, which was announced on April 30, 2026.
-
Reason for corrections
After the announcement of the “Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (IFRS)”, certain errors were identified in the reported figures, which are hereby corrected. Please note that these corrections have no impact on the consolidated statement of income and consolidated statement of cash flows. -
Details of corrections
The corrected portions are underlined.
(Summary of the Attachment)
- Consolidated financial results for the fiscal year ended March 31, 2026
(Before Correction)
(1) Consolidated operating results
(% indicates changes from the previous corresponding period.)
| Revenue | Operating profit | Profit before taxes | Net income | Net income attributable to CUC shareholders | Total comprehensive income | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fiscal Year ended March 31, 2026 | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % |
| March 31, 2025 | 54,353 | 15.5 | 5,783 | 8.2 | 5,110 | (2.6) | 2,743 | (10.9) | 2,854 | (8.9) | 3,468 | 65.4 |
| 47,043 | 42.4 | 5,343 | 43.0 | 5,246 | 26.8 | 3,077 | 18.0 | 3,131 | 20.7 | 2,097 | (17.3) |
(2) Consolidated financial position
| Total assets | Total equity | Equity attributable to CUC shareholders | Ratio of equity attributable to CUC shareholders | Equity per share attributable to CUC shareholders | |
|---|---|---|---|---|---|
| Million yen | Million yen | Million yen | % | Yen | |
| As of March 31, 2026 | 98,054 | 33,891 | 33,253 | 33.9 | 1,134.32 |
| As of March 31, 2025 | 85,167 | 30,286 | 29,678 | 34.8 | 1,012.38 |
(After Correction)
(1) Consolidated operating results
(% indicates changes from the previous corresponding period.)
| Revenue | Operating profit | Profit before taxes | Net income | Net income attributable to CUC shareholders | Total comprehensive income | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fiscal Year ended March 31, 2026 | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % | Million yen | % |
| March 31, 2026 | 54,353 | 15.5 | 5,783 | 8.2 | 5,110 | (2.6) | 2,743 | (10.9) | 2,854 | (8.9) | 3,615 | 72.4 |
| 47,043 | 42.4 | 5,343 | 43.0 | 5,246 | 26.8 | 3,077 | 18.0 | 3,131 | 20.7 | 2,097 | (17.3) |
(2) Consolidated financial position
| Total assets | Total equity | Equity attributable to CUC shareholders | Ratio of equity attributable to CUC shareholders | Equity per share attributable to CUC shareholders | |
|---|---|---|---|---|---|
| Million yen | Million yen | Million yen | % | Yen | |
| As of March 31, 2026 | 97,949 | 34,037 | 33,400 | 34.1 | 1,139.32 |
| As of March 31, 2025 | 85,167 | 30,286 | 29,678 | 34.8 | 1,012.38 |
(Page 5 of the Attachment)
- Qualitative information on financial results
(2) Explanation of financial position
(Before Correction)
Total assets as of March 31, 2026 amounted to 98,054 million yen, an increase of 12,887 million yen compared with the balance as of March 31, 2025. Current assets as of March 31, 2026 amounted to 30,132 million yen, an increase of 9,612 million yen compared with the balance as of March 31, 2025. This was primarily due to an increase in cash and cash equivalents of 8,302 million yen mainly arising from proceeds from long-term borrowings designated for financing the domestic hospice construction and overseas business operations. Non-current assets as of March 31, 2026 amounted to 67,922 million yen, an increase of 3,275 million yen compared with the balance as of March 31, 2025. This was primarily due to an increase in property, plant and equipment of 4,874 million yen mainly arising from an increase in hospice facilities.
Total liabilities as of March 31, 2026 amounted to 64,164 million yen, an increase of 9,283 million yen compared with the balance as of March 31, 2025. This was primarily due to an increase in long-term borrowings of 8,803 million yen mainly arising from proceeds from long-term borrowings designated for financing the domestic hospice construction and overseas business operations.
Total equity as of March 31, 2026 amounted to 33,891 million yen, an increase of 3,604 million yen compared with the balance as of March 31, 2025. This was primarily due to an increase in retained earnings of 2,881 million yen arising from the recording of net income attributable to CUC shareholders.
(After Correction)
Total assets as of March 31, 2026 amounted to 97,949 million yen, an increase of 12,781 million yen compared with the balance as of March 31, 2025. Current assets as of March 31, 2026 amounted to 30,132 million yen, an increase of 9,612 million yen compared with the balance as of March 31, 2025. This was primarily due to an increase in cash and cash equivalents of 8,302 million yen mainly arising from proceeds from long-term borrowings designated for financing the domestic hospice construction and overseas business operations. Non-current assets as of March 31, 2026 amounted to 67,816 million yen, an increase of 3,169 million yen compared with the balance as of March 31, 2025. This was primarily due to an increase in property, plant and equipment of 4,874 million yen mainly arising from an increase in hospice facilities.
Total liabilities as of March 31, 2026 amounted to 63,911 million yen, an increase of 9,031 million yen compared with the balance as of March 31, 2025. This was primarily due to an increase in long-term borrowings of 8,803 million yen mainly arising from proceeds from long-term borrowings designated for financing the domestic hospice construction and overseas business operations.
Total equity as of March 31, 2026 amounted to 34,037 million yen, an increase of 3,751 million yen compared with the balance as of March 31, 2025. This was primarily due to an increase in retained earnings of 2,881 million yen arising from the recording of net income attributable to CUC shareholders.
(Page 7 of the Attachment)
- Consolidated financial statements
(1) Consolidated statement of financial position
(Before Correction)
(Million yen)
| As of March 31, 2025 | As of March 31, 2026 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 7,533 | 15,835 |
| Trade and other receivables | 12,151 | 13,090 |
| Inventories | 160 | 113 |
| Other financial assets | 94 | 62 |
| Other current assets | 582 | 1,032 |
| Total current assets | 20,520 | 30,132 |
| Non-current assets | ||
| Property, plant and equipment | 18,830 | 23,704 |
| Right-of-use assets | 19,401 | 19,329 |
| Goodwill | 13,665 | 14,832 |
| Intangible assets | 4,306 | 4,171 |
| Investment property | 4,327 | 1,578 |
| Deferred tax assets | 893 | 1,228 |
| Other financial assets | 3,167 | 3,015 |
| Other non-current assets | 57 | 65 |
| Total non-current assets | 64,647 | 67,922 |
| Total assets | 85,167 | 98,054 |
(Million yen)
| As of March 31, 2025 | As of March 31, 2026 | |
|---|---|---|
| Liabilities and equity | ||
| Liabilities | ||
| Current liabilities | ||
| Trade and other payables | 4,314 | 3,629 |
| Borrowings | 2,812 | 3,689 |
| Lease liabilities | 2,769 | 3,139 |
| Deposits received | 692 | 682 |
| Income taxes payable | 1,233 | 1,478 |
| Contract liabilities | 3 | 10 |
| Other current liabilities | 1,622 | 2,213 |
| Total current liabilities | 13,446 | 14,840 |
| Non-current liabilities | ||
| Borrowings | 20,653 | 28,578 |
| Lease liabilities | 17,310 | 17,127 |
| Retirement benefit liability | 268 | 318 |
| Deferred tax liabilities | 1,478 | 1,674 |
| Other financial liabilities | 893 | 685 |
| Other non-current liabilities | 833 | 940 |
| Total non-current liabilities | 41,435 | 49,323 |
| Total liabilities | 54,881 | 64,164 |
| Equity | ||
| Share capital | 7,669 | 7,669 |
| Capital surplus | 7,820 | 7,769 |
| Retained earnings | 13,457 | 16,338 |
| Treasury shares | (0) | (0) |
| Other components of equity | 732 | 1,477 |
| Equity attributable to CUC shareholders | 29,678 | 33,253 |
| Non-controlling interests | 608 | 638 |
| Total equity | 30,286 | 33,891 |
| Total liabilities and equity | 85,167 | 98,054 |
- 5 -
(After Correction)
(Million yen)
| As of March 31, 2025 | As of March 31, 2026 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 7,533 | 15,835 |
| Trade and other receivables | 12,151 | 13,090 |
| Inventories | 160 | 113 |
| Other financial assets | 94 | 62 |
| Other current assets | 582 | 1,032 |
| Total current assets | 20,520 | 30,132 |
| Non-current assets | ||
| Property, plant and equipment | 18,830 | 23,704 |
| Right-of-use assets | 19,401 | 19,329 |
| Goodwill | 13,665 | 14,727 |
| Intangible assets | 4,306 | 4,171 |
| Investment property | 4,327 | 1,578 |
| Deferred tax assets | 893 | 1,228 |
| Other financial assets | 3,167 | 3,015 |
| Other non-current assets | 57 | 65 |
| Total non-current assets | 64,647 | 67,816 |
| Total assets | 85,167 | 97,949 |
(Million yen)
| As of March 31, 2025 | As of March 31, 2026 | |
|---|---|---|
| Liabilities and equity | ||
| Liabilities | ||
| Current liabilities | ||
| Trade and other payables | 4,314 | 3,629 |
| Borrowings | 2,812 | 3,689 |
| Lease liabilities | 2,769 | 3,139 |
| Deposits received | 692 | 682 |
| Income taxes payable | 1,233 | 1,478 |
| Contract liabilities | 3 | 10 |
| Other current liabilities | 1,622 | 2,213 |
| Total current liabilities | 13,446 | 14,840 |
| Non-current liabilities | ||
| Borrowings | 20,653 | 28,578 |
| Lease liabilities | 17,310 | 17,127 |
| Retirement benefit liability | 268 | 318 |
| Deferred tax liabilities | 1,478 | 1,674 |
| Other financial liabilities | 893 | 486 |
| Other non-current liabilities | 833 | 887 |
| Total non-current liabilities | 41,435 | 49,071 |
| Total liabilities | 54,881 | 63,911 |
| Equity | ||
| Share capital | 7,669 | 7,669 |
| Capital surplus | 7,820 | 7,769 |
| Retained earnings | 13,457 | 16,338 |
| Treasury shares | (0) | (0) |
| Other components of equity | 732 | 1,624 |
| Equity attributable to CUC shareholders | 29,678 | 33,400 |
| Non-controlling interests | 608 | 638 |
| Total equity | 30,286 | 34,037 |
| Total liabilities and equity | 85,167 | 97,949 |
- 7 -
(Page 9 of the Attachment)
- Consolidated financial statements
(2) Consolidated statement of income and comprehensive income
(Before Correction)
(Million yen)
| Fiscal year ended March 31, 2025 | Fiscal year ended March 31, 2026 | |
|---|---|---|
| Net income | 3,077 | 2,743 |
| Other comprehensive income | ||
| Items that will not be reclassified to profit or loss | ||
| Net change in fair value of equity instruments designated as measured at fair value through other comprehensive income | (314) | (215) |
| Remeasurements of defined benefit plans | 18 | 27 |
| Total of items that will not be reclassified to profit or loss | (296) | (187) |
| Items that may be reclassified to profit or loss | ||
| Exchange differences on translation of foreign operations | (684) | 913 |
| Total of items that may be reclassified to profit or loss | (684) | 913 |
| Other comprehensive income, net of tax | (979) | 726 |
| Comprehensive income | 2,097 | 3,468 |
| Comprehensive income attributable to | ||
| CUC shareholders | 2,212 | 3,467 |
| Non-controlling interests | (114) | 1 |
| Comprehensive income | 2,097 | 3,468 |
(After Correction)
(Million yen)
| Fiscal year ended March 31, 2025 | Fiscal year ended March 31, 2026 | |
|---|---|---|
| Net income | 3,077 | 2,743 |
| Other comprehensive income | ||
| Items that will not be reclassified to profit or loss | ||
| Net change in fair value of equity instruments designated as measured at fair value through other comprehensive income | (314) | (215) |
| Remeasurements of defined benefit plans | 18 | 27 |
| Total of items that will not be reclassified to profit or loss | (296) | (187) |
| Items that may be reclassified to profit or loss | ||
| Exchange differences on translation of foreign operations | (684) | 1,059 |
| Total of items that may be reclassified to profit or loss | (684) | 1,059 |
| Other comprehensive income, net of tax | (979) | 872 |
| Comprehensive income | 2,097 | 3,615 |
| Comprehensive income attributable to | ||
| CUC shareholders | 2,212 | 3,614 |
| Non-controlling interests | (114) | 1 |
| Comprehensive income | 2,097 | 3,615 |
(Page 11 of the Attachment)
- Consolidated financial statements
(3) Consolidated statement of changes in equity
(Before Correction)
(Fiscal Year ended March 31, 2026)
(Million yen)
| Equity attributable to CUC shareholders | ||||||
|---|---|---|---|---|---|---|
| Share capital | Capital surplus | Retained earnings | Treasury shares | Other components of equity | ||
| Exchange differences on translation of foreign operations | Share acquisition rights | |||||
| As of April 1, 2025 | 7,669 | 7,820 | 13,457 | (0) | (35) | 172 |
| Net income | - | - | 2,854 | - | - | - |
| Other comprehensive income | - | - | - | - | 801 | - |
| Comprehensive income | - | - | 2,854 | - | 801 | - |
| Transfer from other components of equity to retained earnings | - | - | 27 | - | - | - |
| Purchase of treasury shares | - | - | - | - | - | - |
| Issuance of share acquisition rights | - | - | - | - | - | - |
| Share-based payment transactions | - | (1) | - | - | - | 159 |
| Contribution due to the establishment of a subsidiary | - | - | - | - | - | - |
| Changes accompanying the loss of control over a subsidiary | - | - | - | - | - | - |
| Transactions with non-controlling interests | - | - | - | - | - | - |
| Changes in a parent's ownership interest in a subsidiary that do not result in a loss of control | - | (50) | - | - | - | - |
| Total transactions with shareholders | - | (51) | - | - | - | 159 |
| As of March 31, 2026 | 7,669 | 7,769 | 16,338 | (0) | 766 | 331 |
| Equity attributable to CUC shareholders | ||||||
|---|---|---|---|---|---|---|
| Other components of equity | Total | Non-controlling interests | Total equity | |||
| Financial assets measured at fair value through other comprehensive income | Remeasurements of defined benefit plans | Total | ||||
| As of April 1, 2025 | 595 | - | 732 | 29,678 | 608 | 30,286 |
| Net income | - | - | - | 2,854 | (111) | 2,743 |
| Other comprehensive income | (215) | 27 | 613 | 613 | 112 | 726 |
| Comprehensive income | (215) | 27 | 613 | 3,467 | 1 | 3,468 |
| Transfer from other components of equity to retained earnings | - | (27) | (27) | - | - | - |
| Purchase of treasury shares | - | - | - | - | - | - |
| Issuance of share acquisition rights | - | - | - | - | - | - |
| Share-based payment transactions | - | - | 159 | 158 | - | 158 |
| Contribution due to the establishment of a subsidiary | - | - | - | - | 40 | 40 |
| Changes accompanying the loss of control over a subsidiary | - | - | - | - | (11) | (11) |
| Transactions with Non-controlling interests | - | - | - | - | - | - |
| Changes in a parent's ownership interest in a subsidiary that do not result in a loss of control | - | - | - | (50) | - | (50) |
| Total transactions with shareholders | - | - | 159 | 108 | 28 | 136 |
| As of March 31, 2026 | 380 | - | 1,477 | 33,253 | 638 | 33,891 |
(After Correction)
(Fiscal Year ended March 31, 2026)
(Million yen)
| Equity attributable to CUC shareholders | ||||||
|---|---|---|---|---|---|---|
| Share capital | Capital surplus | Retained earnings | Treasury shares | Other components of equity | ||
| Exchange differences on translation of foreign operations | Share acquisition rights | |||||
| As of April 1, 2025 | 7,669 | 7,820 | 13,457 | (0) | (35) | 172 |
| Net income | - | - | 2,854 | - | - | - |
| Other comprehensive income | - | - | - | - | 947 | - |
| Comprehensive income | - | - | 2,854 | - | 947 | - |
| Transfer from other components of equity to retained earnings | - | - | 27 | - | - | - |
| Purchase of treasury shares | - | - | - | - | - | - |
| Issuance of share acquisition rights | - | - | - | - | - | - |
| Share-based payment transactions | - | (1) | - | - | - | 159 |
| Contribution due to the establishment of a subsidiary | - | - | - | - | - | - |
| Changes accompanying the loss of control over a subsidiary | - | - | - | - | - | - |
| Transactions with non-controlling interests | - | - | - | - | - | - |
| Changes in a parent's ownership interest in a subsidiary that do not result in a loss of control | - | (50) | - | - | - | - |
| Total transactions with shareholders | - | (51) | - | - | - | 159 |
| As of March 31, 2026 | 7,669 | 7,769 | 16,338 | (0) | 912 | 331 |
| Equity attributable to CUC shareholders | ||||||
|---|---|---|---|---|---|---|
| Other components of equity | Total | Non-controlling interests | Total equity | |||
| Financial assets measured at fair value through other comprehensive income | Remeasurements of defined benefit plans | Total | ||||
| As of April 1, 2025 | 595 | - | 732 | 29,678 | 608 | 30,286 |
| Net income | - | - | - | 2,854 | (111) | 2,743 |
| Other comprehensive income | (215) | 27 | 760 | 760 | 112 | 872 |
| Comprehensive income | (215) | 27 | 760 | 3,614 | 1 | 3,615 |
| Transfer from other components of equity to retained earnings | - | (27) | (27) | - | - | - |
| Purchase of treasury shares | - | - | - | - | - | - |
| Issuance of share acquisition rights | - | - | - | - | - | - |
| Share-based payment transactions | - | - | 159 | 158 | - | 158 |
| Contribution due to the establishment of a subsidiary | - | - | - | - | 40 | 40 |
| Changes accompanying the loss of control over a subsidiary | - | - | - | - | (11) | (11) |
| Transactions with Non-controlling interests | - | - | - | - | - | - |
| Changes in a parent's ownership interest in a subsidiary that do not result in a loss of control | - | - | - | (50) | - | (50) |
| Total transactions with shareholders | - | - | 159 | 108 | 28 | 136 |
| As of March 31, 2026 | 380 | - | 1,624 | 33,400 | 638 | 34,037 |