大英産業 revised its consolidated ordinary income forecast for the fiscal year ending September 2026 downward from the previous forecast of ¥750 million to ¥430 million, a 42.0% downward revision, and reviewed its full-year outlook. Ordinary income for the second half is also expected to fall below the previous forecast.
大英産業 revised its full-year consolidated ordinary income forecast for the fiscal year ending September 2026 downward from the previous forecast of ¥750 million to ¥430 million. Ordinary income was ¥900 million in the same period of the previous fiscal year. Following the downward revision, the full-year decline in ordinary income is expected to widen from 16.3% to 51.5%.
Ordinary income for the second half had been projected at ¥1.25 billion, but was cut by 25.2% to ¥940 million. Ordinary income was ¥1.23 billion in the same period of the previous fiscal year, indicating that profit levels are expected to decline throughout the fiscal year. The factors cited include sales falling below plan because the number of detached homes sold was lower than expected, as well as the longer-than-expected sales period for completed condominium projects. As a result, the timing of revenue recognition shifted into the following fiscal year.
The reasons for the revision include the impact of lower sales and a decline in margins resulting from efforts to promote sales of completed inventory, despite gross margins in the detached-home and community-development businesses exceeding expectations. In addition, higher interest expenses resulting from increased borrowings and rising interest rates are expected to put the outlook for ordinary income and net income below the previous forecast.