Convano has moved the baseline for its results for the year to March 2026. In a correction to its consolidated IFRS earnings summary, the company revised revenue to ¥15.44 billion from ¥15.50 billion, operating profit to ¥1.484 billion from ¥1.795 billion, pretax profit to ¥1.304 billion from ¥1.647 billion, and the loss attributable to owners to ¥1.178 billion from ¥951 million. Basic loss per share worsened to ¥2.49 from ¥2.01.
The company said three items drove the reset. First, it re-examined how costs were split across cost of sales, selling, general and administrative expenses, and other expense. Convano said the bitcoin-related year-end loss stayed in other expense, but the broader review still changed the operating line. Second, under IAS 32 it recognized as treasury stock 10,000,000 Convano shares held by a consolidated subsidiary investment partnership. That lifted year-end treasury shares to 10,520,100 from 520,100 and reduced the weighted average share count to 472,227,514 from 473,652,317. Third, after rechecking an accrued corporate tax refund and a ¥208 million tax refund addition, the company said the recognition criteria were not met and corrected the related tax expense and cash flow items. Corporate income tax expense was revised to ¥2.482 billion from ¥2.598 billion.
The knock-on effects go beyond the headline profit figure. EBITDA was revised to ¥1.771 billion from ¥2.080 billion. Total assets at year-end were reset to ¥18.777 billion from ¥18.943 billion, equity to ¥10.775 billion from ¥11.001 billion, and operating cash flow to ¥4.570 billion from ¥4.939 billion. Investing cash outflow was revised to ¥11.469 billion from ¥11.838 billion, while financing cash flow and year-end cash were left at ¥10.973 billion and ¥4.881 billion respectively.
One useful detail for investors is that next year's yen targets did not change, but some optics did. Convano left its guidance for revenue at ¥26.752 billion, operating profit at ¥8.957 billion, pretax profit at ¥9.000 billion and profit for the year at ¥5.820 billion. Because the corrected base year is lower, the disclosed growth rates moved higher, while forecast basic earnings per share fell to ¥11.67 from ¥12.25 after the share-count revision. The correction also added Sept. 4, 2026 as the planned payment start date for the ¥1 per share dividend.
This is a correction notice, not a fresh operating update. But corrections matter because they change the baseline from which management, lenders and investors judge the next year. In Convano's case, the baseline is now less flattering, and more precise.