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Revision of earnings forecasts3192Shirohato Co.,Ltd.Retail

Notice Regarding Revisions to the Earnings Forecast

The full-year forecast for the fiscal year ending November 2026 was revised downward, with net sales now expected to be ¥520 million below the previous forecast. Forecast operating income, ordinary income and net income were all lowered from profits to losses.

Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-7.7
%
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending November 2026 · Full yearPrevious forecast published 9 January 2026
Net Sales6,750→6,230Millions of yen
-7.7%
Operating profit50→-100Millions of yen
-300.0%
Ordinary income20→-130Millions of yen
-750.0%
Profit attributable to owners of the parent14→-135Millions of yen
-1,064.3%
Net income per share2.1→-20.28yen
-1,065.7%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Weak sales of the company’s private-label products in the domestic e-commerce business, sluggish overall sales due to consumers’ budget-conscious spending, failure to restore margins because pricing has emphasised affordability, and the inability of cost reductions to offset the decline in gross profit.

Previous-period resultsNet sales of ¥4,208 million, operating loss of ¥131 million, ordinary loss of ¥149 million, net income of ¥314 million, and earnings per share of ¥47.31 (fiscal year ended November 2025)
Revised forecast
ItemDetails
Net Sales6,750 Millions of yen → 6,230 Millions of yen(-7.7%)
Operating profit50 Millions of yen → -100 Millions of yen
Ordinary income20 Millions of yen → -130 Millions of yen
Profit attributable to owners of the parent14 Millions of yen → -135 Millions of yen
Net income per share2.1 yen → -20.28 yen
Fiscal Period CoveredFiscal year ending November 2026
Period CoveredFull year
Publication date of previous forecast9 January 2026
Previous-period resultsNet sales of ¥4,208 million, operating loss of ¥131 million, ordinary loss of ¥149 million, net income of ¥314 million, and earnings per share of ¥47.31 (fiscal year ended November 2025)
Reason for the revisionWeak sales of the company’s private-label products in the domestic e-commerce business, sluggish overall sales due to consumers’ budget-conscious spending, failure to restore margins because pricing has emphasised affordability, and the inability of cost reductions to offset the decline in gross profit.
Items this document does not state (3)
Details and amount of extraordinary lossDividend forecast revisionConsolidated / non-consolidated

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Sales have been sluggish because weak sales of the company’s private-label products have continued in the domestic e-commerce business, while consumers’ budget-conscious spending, against a backdrop of rising energy and essential-goods prices, has weighed on overall sales. On the profit front, margins have not recovered because pricing has been set to emphasise affordability, and cost reductions have been insufficient to offset the decline in gross profit.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to the Earnings Forecast | Shirohato Co.,Ltd. (3192) timely disclosure | Komori