Chiyoda's share price hit its lowest level in 18 months after the company substantially revised down its full-year earnings forecast and recognized an extraordinary loss in the first half.
Chiyoda, a major footwear retailer, substantially revised down its consolidated full-year earnings forecast for the fiscal year ending April 2025 and simultaneously recognized an extraordinary loss in the first half, attracting market attention. The share price consequently fell sharply from the previous weekend's level, according to reports.
According to reports, the downward revision to the earnings outlook and recognition of the extraordinary loss became sources of concern for investors, and the company's shares recorded their lowest level in 18 months.