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Demae-can Nearly Doubles Its Loss Forecast as Delivery Orders Slip

Demae-can now expects a ¥7.9bn operating loss for the year to August 2026, almost double its October guidance, after order volumes and gross merchandise value fell short through the third quarter.

Jul 15, 20261 min readDEMAE-CAN CO.,LTD2484
An insulated food-delivery bag strapped to a parked bicycle on a dim city street, evoking Japan's food-delivery business without showing any branding.

Demae-can cut its full-year outlook on July 15, telling the Tokyo Stock Exchange that sales for the year to August 2026 will come in at ¥39.2bn, down from the ¥44.1bn it forecast in October and an 11.1% reduction. The operating loss guidance nearly doubled, widening to ¥7.9bn from ¥4.0bn, and the projected net loss attributable to shareholders grew to ¥7.8bn from ¥4.0bn.

Demae-can's Revised Full-Year Guidance
For the fiscal year ending August 31, 2026. Previous forecast was issued October 15, 2025.
MetricPrevious forecastRevised forecastPrior year actual
Net sales¥44.1bn¥39.2bn¥39.72bn
Operating profit/loss-¥4.0bn-¥7.9bn-¥4.92bn
Ordinary profit/loss-¥3.99bn-¥7.8bn-¥4.97bn
Net profit/loss (parent)-¥4.0bn-¥7.8bn-¥4.97bn

The company said the revision reflects order volumes and gross merchandise value, the total value of transactions processed on its platform, running below what it assumed at the start of the fiscal year.

The shortfall was already visible in the nine-month results filed the same day. Revenue for the nine months to May 31, 2026 fell 6.2% year-on-year to ¥28.29bn, while the operating loss more than doubled to ¥6.37bn from ¥3.08bn a year earlier. Cash and deposits dropped ¥7.07bn over the same period, to ¥21.47bn.

Demae-can has not forecast a dividend for the year, matching the no-payout policy it kept in the year to August 2025.