TOKYO, May 08 (Pulse News Wire) – Cookpad Inc. (2193.T) reported a net loss of ¥417 million for the quarter ending March 31, 2026, compared to a profit of ¥111 million in the same period last year.
The decline was driven by a revenue decrease of ¥105 million to ¥35 million, reflecting reduced activity from its main markets. Additionally, the company recorded one-time expenses totaling ¥137 million related to restructuring efforts overseas. Operating income also turned negative, dropping ¥137 million due to lower revenues and the aforementioned charges.
Despite these challenges, excluding the impact of one-time costs, operating profits remained positive. The company's cash balance stood at ¥30 million as of the end of the quarter. Cookpad’s workforce decreased to 94 employees as of March 31, 2026, down from 105 employees in the corresponding period last year and 101 employees at the end of the previous quarter.
The company also executed a share buyback program, retiring shares worth ¥5.826 billion, reducing the total outstanding shares to 78,807,900.
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