Interim report
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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Six Months Ended June 30 , 2026 ( Under IFRS ) August 7 , 2026 Tokyo Stock Exchange Company name : Cookpad Inc. Listing : Securities code : 2193 URL : Representative : Inquiries : Telephone : https://info.cookpad.com/ Akimitsu Sano , CEO Morio Inukai , Executive Officer + 81-50-3142-1532 Scheduled date to file semi - annual securities report : Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Holding of financial results briefing : August 10 , 2026 Yes Yes ( for institutional investors and analysts ) ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the six months ended June 30 , 2026 ( from January 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Revenue Operating profit Profit before tax Profit Six months ended June 30 , 2026 June 30 , 2025 Millions of yen 2,510 ( 7.8 ) 2,723 ( 9.8 ) % Millions of yen % Millions of yen % 3 161 ( 98.1 ) ( 63.5 ) 527 66 689.2 ( 90.9 ) Millions of yen 524 37 % ( 95.0 ) Six months ended Profit attributable to owners of parent Millions of yen Total comprehensive income Basic earnings Diluted earnings per share per share % Millions of yen % Yen Yen June 30 , 2026 524 582 837.6 7.25 June 30 , 2025 37 ( 95.0 ) 62 ( 96.1 ) 0.46 ( 2 ) Consolidated financial position As of June 30 , 2026 December 31 , 2025 Total assets Millions of yen 14,390 14,102 Total equity Equity attributable to owners of parent Ratio of equity attributable to owners of parent to total assets Millions of yen Millions of yen % 13,281 13,281 92.3 12,897 12,897 91.5 −1–
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―2― 2. Cash dividends Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended December 31, 2025 - 0.00 - 0.00 0.00 Fiscal year ending December 31, 2026 - 0.00 Fiscal year ending December 31, 2026 (Forecast) - 0.00 0.00 Note: Revisions to the forecast of cash dividends most recently announced: None 3. Consolidated earnings forecast for the fiscal year ending December 31, 2026 (January 1, 2026 to December 31, 2026) The Group intends to make proactive investments to provide services that make everyday cooking fun for people around the world, including those in Japan. The timing and scale of these investments will be determined flexibly in response to changes in the business environment. Accordingly, the Group has not disclosed a consolidated earnings forecast for the fiscal year ending December 31, 2026, as it is difficult to make a reasonable estimate. * Notes (1) Significant changes in the scope of consolidation during the period: None Newly included: - Excluded: - (2) Changes in accounting policies and changes in accounting estimates (i) Changes in accounting policies required by IFRS: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (3) Number of issued shares (ordinary shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 78,807,900 shares As of December 31, 2025 107,429,400 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 6,923,303 shares As of December 31, 2025 34,122,703 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended June 30, 2026 72,236,198 shares Six months ended June 30, 2025 80,672,608 shares * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Proper use of earnings forecasts, and other special matters The earnings forecast for the fiscal year ending December 31, 2026 is omitted for the reasons stated in the summary information above.
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―3― Accompanying Materials 1. Analysis of Operating Results and Financial Position ……………………………………………….………4 (1) Analysis of Operating Results ………………………………………………………………………..……4 (2) Analysis of Financial Position ………………………….……………………………………………….…5 (3) Consolidated Earnings Forecasts and Other Forward-Looking Information …….……………………..…6 2. Condensed Interim Consolidated Financial Statements and Relevant Notes ……………………………..…7 (1) Condensed Interim Consolidated Statements of Financial Position …………………………………….…7 (2) Condensed Interim Consolidated Income Statements and Statements of Comprehensive Income ………..8 (3) Condensed Interim Consolidated Statements of Changes in Equity ………………………………………10 (4) Condensed Interim Consolidated Statements of Cash Flows ……………………………………………..11 (5) Notes on the Going Concern Assumption ….…………………………………….......................................12 (6) Notes to Condensed Interim Consolidated Financial Statements ….………………………………………12
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―4― 1. Analysis of Operating Results and Financial Position (1) Analysis of Operating Results The consolidated results for the six months ended 30 June 2026 (1 January 2026 through 30 June 2026) are as follows: (Millions of yen) Six months ended 30 June 2025 (1 Jan. to 30 Jun. 2025) Six months ended 30 June 2026 (1 Jan. to 30 Jun. 2026) YoY change Sales revenue 2,723 2,510 (7.8 %) Operating income 161 3 (98.1 %) Profit before tax 66 527 689.2 % Profit attributable to shareholders of the Company 37 524 1,311.2 % To deliver on its mission to “Make everyday cooking fun!” the Group has been making proactive investments to solve various problems associated with cooking around the world. The Company’s Articles of Incorporation include the statements, “Our Company exists to ‘Make everyday cooking fun!’ and this is our mission” and “When everyday cooking becomes enjoyable in every household around the world, the Company will dissolve,” in order to clarify the purpose of the Group’s business activities and its reason for being. Alongside its recipe service business, the Group operates “moment” and Cookpad Mart with the aim of removing barriers that prevent people from enjoying cooking as a natural part of everyday life. Sales revenue for the six months ended 30 June 2026 (“1H FY2026”) was 2,510 million yen (down 7.8% year on year). The decrease was mainly attributable to a decline in the number of premium service subscribers. SG&A expenses decreased to 2,486 million yen (down 1.4% YoY), despite the recognition of 185 million yen in one- off costs, recorded mainly in the first quarter, associated with workforce reductions at overseas locations, as part of initiatives to streamline the Group’s structure. The decrease reflected a reduction in personnel expenses in the second quarter as a result of the workforce streamlining. Consequently, operating income was 3 million yen (down 98.1% YoY). In addition, due to market fluctuations, the Group recognised finance income including fair value gains on securities held at the end of 1H FY2026. As a result, profit before tax was 527 million yen (up 689.2% YoY), and profit attributable to shareholders of the Company stood at 524 million yen (up 1,311.2% YoY).
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―5― (2) Analysis of Financial Position a) Assets, liabilities and equity (Assets) As of 30 June 2026, total assets were 14,390 million yen, up 287 million yen from 31 December 2025; current assets increased by 38 8 million yen to 13, 403 million yen, while non -current assets decreased by 100 million yen to 986 million yen. The main factors behind the increase in current assets were an increase of 360 million yen in cash and cash equivalents and an increase of 124 million yen in other financial assets, mainly due to the fair value measurement of securities held. Meanwhile, the decrease in non-current assets was mainly attributable to a decline of 85 million yen in property, plant and equipment due to depreciation, despite additions from the purchase of business-use PCs. (Liabilities) As of 30 June 2026, total liabilities were 1,109 million yen, down 96 million yen from 31 December 2025; current liabilities rose by 16 million yen to 659 million yen, while non-current liabilities decreased by 113 million yen to 450 million yen. The decline in total liabilities was primarily due to a decrease in lease obligations of 114 million yen following repayments. (Equity) As of 30 June 2026, total equity was 13,281 million yen, up 383 million yen from 31 December 2025. The main factor behind the increase was the recognition of profit for the period attributable to shareholders of the Company of 524 million yen, although it was partly offset by a decrease of 223 million yen resulting from the share buyback. Other comprehensive income of 57 million yen and share-based payment transactions of 24 million yen also contributed to the total equity increase. b) Cash flows As of 30 June 2026, the balance of cash and cash equivalents (“Funds”) was 6,245 million yen, up 360 million yen from 31 December 2025, primarily due to the factors shown below. (Cash flows from operating activities) Funds gained in operating activities totalled 6 54 million yen, compared with 565 million yen in the same period of the previous year. The main positive factors were profit before tax of 527 million yen, depreciation and amortisation of 129 million yen, and a decrease in other financial assets of 329 million yen. These were partly offset by net financial income of 562 million yen, including security investment gains. (Cash flows from investing activities) Funds used for investing activities amounted to 67 million yen, compared with 26 million yen in the same period of the previous year. The main factors were payments of 1,09 4 million yen for the purchase of securities, offset by proceeds of 1,067 million yen from the sale and redemption of securities, following the rebalancing of the securities portfolio. Payments of 33 million yen for the purchase of property, plant and equipment were also recorded. (Cash flows from financing activities) Funds used in financing activities were 337 million yen, compared with 2,095 million yen in the same period of the previous year. This resulted from an outflow of 223 million yen for the share buyback, as well as repayments of lease obligations of 114 million yen.
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―6― (3) Consolidated Earnings Forecasts and Other Forward-Looking Information The Group intends to make proactive investments to provide services that make everyday cooking fun for people around the world, including those in Japan. The timing and scale of these investments will be determined flexibly in response to changes in the business environment. Accordingly, the Group has not disclosed a consolidated earnings forecast for the fiscal year ending 31 December 2026, as it is difficult to make a reasonable estimate.
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―7― 2. Condensed Interim Consolidated Financial Statements (1) Condensed Interim Consolidated Statements of Financial Position (Thousands of yen) As of 31 December 2025 As of 30 June 2026 Assets Current assets Cash and cash equivalents 5,885,014 6,245,262 Trade and other receivables 979,829 887,658 Other financial assets 5,933,548 6,057,828 Inventories 7,382 7,591 Other current assets 209,982 205,545 Total current assets 13,015,755 13,403,883 Non-current assets Property, plant and equipment 750,668 664,848 Intangible assets 110,390 102,338 Other financial assets 213,766 216,564 Deferred tax assets 4,661 2,557 Other non-current assets 7,714 455 Total non-current assets 1,087,199 986,762 Total assets 14,102,955 14,390,645 Liabilities and equity Liabilities Current liabilities Lease obligations 229,270 219,834 Trade and other payables 330,684 342,885 Other financial liabilities 30,314 28,609 Income tax payable 69 28,490 Other current liabilities 52,040 39,513 Total current liabilities 642,377 659,330 Non-current liabilities Lease obligations 421,569 316,905 Provisions 132,222 133,290 Other non-current liabilities 9,460 - Total non-current liabilities 563,251 450,195 Total liabilities 1,205,629 1,109,525 Equity Capital stock 50,000 50,000 Capital surplus 12,198,187 7,153,878 Retained earnings 5,325,233 5,058,589 Treasury shares (7,021,584) (1,409,310) Other components of equity 2,345,489 2,427,964 Equity attributable to shareholders of the Company 12,897,326 13,281,121 Total equity 12,897,326 13,281,121 Total liabilities and equity 14,102,955 14,390,645
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―8― (2) Condensed Interim Consolidated Income Statements and Statements of Comprehensive Income Condensed Interim Consolidated Income Statements (Thousands of yen) Six months ended 30 June 2025 (1 Jan. to 30 Jun. 2025) Six months ended 30 June 2026 (1 Jan. to 30 Jun. 2026) Sales revenue 2,723,498 2,510,625 Cost of sales (40,977) (18,951) Gross profit 2,682,522 2,491,673 Selling, general and administrative expenses (2,521,051) (2,486,568) Other income 351 3,801 Other expense (383) (5,882) Operating income 161,438 3,024 Financial income 173,572 557,129 Financial expense (268,193) (32,821) Profit before tax 66,817 527,332 Income tax expense (29,659) (2,956) Net profit 37,159 524,376 Profit attributable to: Shareholders of the Company 37,159 524,376 Net profit 37,159 524,376 Earnings per share Basic earnings per share (yen) 0.46 7.25 Diluted earnings per share (yen) - -
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―9― Condensed Interim Consolidated Statements of Comprehensive Income (Thousands of yen) Six months ended 30 June 2025 (1 Jan. to 30 Jun. 2025) Six months ended 30 June 2026 (1 Jan. to 30 Jun. 2026) Net profit 37,159 524,376 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Net change in the fair value of equity instruments designated as measured at fair value through other comprehensive income (9,886) (497) Revaluation surplus on intangible assets 614 (3,986) Total of items that will not be reclassified subsequently to profit or loss (9,272) (4,484) Items that may be reclassified subsequently to profit or loss Exchange differences on translating foreign operations 34,196 62,195 Total items that may be reclassified subsequently to profit or loss 34,196 62,195 Other comprehensive income, net of tax 24,925 57,711 Comprehensive income 62,083 582,087 Comprehensive income attributable to: Shareholders of the Company 62,083 582,087 Comprehensive income 62,083 582,087
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―10― (3) Condensed Interim Consolidated Statements of Changes in Equity The first six months of FY2025 (1 January 2025 through 30 June 2025) (Thousands of yen) Equity attributable to shareholders of the Company Total equity Capital stock Capital surplus Retained earnings Treasury shares Other components of equity Equity attributable to shareholders of the Company Balance as of 1 Jan. 2025 50,000 12,222,716 4,602,392 (5,313,358) 2,057,876 13,619,626 13,619,626 Net profit - - 37,159 - - 37,159 37,159 Other comprehensive income - - - - 24,925 24,925 24,925 Total comprehensive income - - 37,159 - 24,925 62,083 62,083 Share-based payment transaction - - - - 5,852 5,852 5,852 Reclassification from other components of equity to retained earnings - - (2,325) - 2,325 - - Share buyback - (8,612) - (965,461) - (974,073) (974,073) Cancellation of treasury shares - - - - - - - Reclassification from retained earnings to capital surplus - - - - - - - Total transactions with shareholders - (8,612) (2,325) (965,461) 8,177 (968,221) (968,221) Balance as of 30 Jun. 2025 50,000 12,214,104 4,637,225 (6,278,819) 2,090,978 12,713,488 12,713,488 The first six months of FY2026 (1 January 2026 through 30 June 2026) (Thousands of yen) Equity attributable to shareholders of the Company Total equity Capital stock Capital surplus Retained earnings Treasury shares Other components of equity Equity attributable to shareholders of the Company Balance as of 1 Jan. 2026 50,000 12,198,187 5,325,233 (7,021,584) 2,345,489 12,897,326 12,897,326 Net profit - - 524,376 - - 524,376 524,376 Other comprehensive income - - - - 57,711 57,711 57,711 Total comprehensive income - - 524,376 - 57,711 582,087 582,087 Share-based payment transaction - - - - 24,764 24,764 24,764 Reclassification from other components of equity to retained earnings - - - - - - - Share buyback - (9,127) - (213,930) - (223,057) (223,057) Cancellation of treasury shares - (5,826,203) - 5,826,203 - - - Reclassification from retained earnings to capital surplus - 791,021 (791,021) - - - - Total transactions with shareholders - (5,044,309) (791,021) 5,612,273 24,764 (198,293) (198,293) Balance as of 30 Jun. 2026 50,000 7,153,878 5,058,589 (1,409,310) 2,427,964 13,281,121 13,281,121
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―11― (4) Condensed Interim Consolidated Statements of Cash Flows (Thousands of yen) Six months ended 30 June 2025 (1 Jan. to 30 Jun. 2025) Six months ended 30 June 2026 (1 Jan. to 30 Jun. 2026) Cash flows from operating activities Profit before tax 66,817 527,332 Depreciation and amortisation 132,482 129,720 Financial expense (or income) 151,438 (562,662) Net decrease (or increase) of trade and other receivables 15,822 91,263 Net decrease (or increase) of other financial assets - 329,221 Net increase (or decrease) of trade and other payables (13,295) 8,442 Net increase/decrease of consumption taxes payable or consumption taxes refund receivable (24,024) (12,226) Other 15,028 45,617 Subtotal 344,269 556,706 Interest and dividend income received 216,284 90,487 Interest expenses paid (3,495) (2,827) Income taxes refunded (or paid) 8,822 10,617 Cash flows from operating activities 565,880 654,982 Cash flows from investing activities Purchase of property, plant and equipment (9,522) (33,412) Purchase of intangible assets (17,977) (6,976) Purchase of investment securities - (1,094,199) Sale and redemption of investment securities - 1,067,788 Other 1,479 (441) Cash flows from investing activities (26,020) (67,240) Cash flows from financing activities Repayments of lease obligations (92,309) (114,811) Purchase of shares of the Company’s stock (2,003,615) (223,057) Cash flows from financing activities (2,095,925) (337,868) Increase (or decrease) in cash and cash equivalents (1,556,065) 249,875 Cash and cash equivalents at beginning of period 12,083,662 5,885,014 Effect of exchange rate change on cash and cash equivalents (289,438) 110,373 Cash and cash equivalents at end of period 10,238,159 6,245,262
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―12― (5) Notes on the Going Concern Assumption Not applicable. (6) Notes to Condensed Interim Consolidated Financial Statements 1. Segment information The Group has a single business segment, the “Make everyday cooking fun!” business. Accordingly, disclosure of revenue, profit or loss and other items by business field has been omitted. 2. Notes on significant changes in equity attributable to shareholders of the Company (Share buyback) Pursuant to the resolution of the Board of Directors passed on 27 March 2025, the Company acquired 1,422,100 of its own shares during Q1 FY2026. As a result, treasury shares increased by 213,930 thousand yen. (Cancellation of treasury shares) Pursuant to the resolutions of the Board of Directors passed on 27 March 2025 and 26 March 2026, the Company cancelled 28,621,500 treasury shares on 31 March 2026. As a result, capital surplus, retained earnings and treasury shares decreased by 5,035,182 thousand yen, 791,021 thousand yen and 5,826,203 thousand yen, respectively.