TOKYO, May 14 (Pulse News Wire) – Tear Corporation (2485.T) reported a revenue decline of 11.4% to ¥11.4 billion for the six months ended March 31, 2026, compared to the same period last year. Operating profit was ¥10 billion, down 28.8%, while net profit dropped to ¥5 billion, a decrease of 43%.
The company attributed the downturn to reduced funeral service revenues due to lower prices and fewer ceremonies. Despite efforts to enhance customer satisfaction through clear pricing structures and improved services, the number of funerals conducted decreased by 1.6% to 8,122.
Additionally, the firm's franchise operations saw a reduction in sales, contributing to overall performance challenges. Tear Corporation continues to focus on expanding its real estate and reuse businesses, which contributed positively to earnings growth.
However, the company expects ongoing economic recovery supported by government policies and accommodative monetary conditions, albeit with lingering uncertainties related to geopolitical tensions and resource price fluctuations.
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