日東ベスト announced a revision that expands its first-half ordinary loss. While the company maintained its forecast for higher net sales, the revision calls for a wider ordinary loss.
In a preliminary earnings update, 日東ベスト revised its first-half results forecast for the current fiscal year, indicating that net sales are expected to exceed its previous forecast. Ordinary profit had previously been forecast at a profit, but the new forecast shows a loss, with ordinary profit revised to -¥215 million and net income to -¥232 million. Revised earnings per share are also expected to be -¥19.2.
First-half net sales are expected to increase 2.3%, from ¥28,260 million to ¥28,641 million, while operating profit is expected to deteriorate from ¥61 million to -¥195 million. Ordinary profit is expected to fall sharply from ¥90 million to -¥215 million, and net income is expected to swing to a substantial loss, from ¥71 million to -¥232 million.