Home care shrinks, senior services grow
Care Service Co., Ltd. (TSE: 2425) reported non-consolidated results for the first half of FY3/2027, April 1 to September 30, 2026, on November 5, 2026. Home Care Services revenue fell 2.6% to ¥3,197 million and segment profit 18.6% to ¥119 million, as day-service sales fell 1.7% and visiting bath services 3.8% after last year's site consolidation; both services grew from the first quarter to the second. Comprehensive Senior Services revenue rose 4.3% to ¥1,381 million and segment profit 15.5% to ¥264 million: angel care, the preparation of the deceased, rose 1.4%, and the clean service, which sorts belongings before and after death, grew 42.9%.
The company called this year the first of a second founding phase under its Care2030 medium-term plan, and during the half built new HR and training systems, hired and trained 28 new graduates, invested in IT such as a transport system and in vehicles, and replaced temporary staff with direct hires to improve its cost structure. Second-quarter sales rose year on year for the company as a whole. Ordinary profit fell 39.2% to ¥42 million and net profit 55.1% to ¥22 million.
Guidance and ¥22 dividend unchanged
Care Service kept its FY3/2027 forecast of net sales of ¥9,527 million (+3.4%), operating profit of ¥14 million (-88.8%), ordinary profit of ¥136 million (-16.1%) and net profit of ¥77 million (-33.1%), and its year-end dividend forecast of ¥22. Total assets were ¥3,874 million, and the equity ratio was 74.7%.
| Metric | H1 FY3/2027 | H1 FY3/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 4,579 | 4,606 | -0.6% |
| Operating profit (¥ million) | 18 | 27 | -32.5% |
| Ordinary profit (¥ million) | 42 | 69 | -39.2% |
| Net profit (¥ million) | 22 | 49 | -55.1% |
| EPS (¥) | 5.86 | 13.04 | -55.1% |
| Home Care Services — revenue (¥ million) | 3,197 | 3,282 | -2.6% |
| Home Care Services — segment profit (¥ million) | 119 | 147 | -18.6% |
| Comprehensive Senior Services — revenue (¥ million) | 1,381 | 1,323 | +4.3% |
| Comprehensive Senior Services — segment profit (¥ million) | 264 | 229 | +15.5% |
| Total assets (¥ million) | 3,874 | 3,866 | +0.2% |
| Net assets (¥ million) | 2,892 | 2,953 | -2.1% |
| Equity ratio | 74.7% | 76.4% | -1.7 pt |
| FY3/2027 guidance — revenue (¥ million) | 9,527 | — | +3.4% |
| FY3/2027 guidance — operating profit (¥ million) | 14 | — | -88.8% |
| FY3/2027 guidance — ordinary profit (¥ million) | 136 | — | -16.1% |
| FY3/2027 guidance — net profit (¥ million) | 77 | — | -33.1% |
| Annual dividend per share (¥) | 22.00 | 22.00 | unchanged |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.