シュッピン has revised its current-year ordinary profit forecast down, now expecting a 35.2% decline. Ordinary profit for the six months through Q2 fell substantially year on year, while the forecast for the second half was also reduced based on first-half results and the full-year plan.
On 9 November 2024, シュッピン announced its financial results and revised its full-year ordinary profit forecast for the fiscal year ending March 2027 down from the previous forecast of ¥2.7 billion to ¥1.61 billion. Ordinary profit is now expected to decline by approximately 40.3% year on year, marking a shift to an expected decline in profit.
Ordinary profit for the six months through Q2 (April-September) fell 52.5% year on year to ¥430 million. Ordinary profit for the latest three months (July-September) was ¥190 million, down 61.2% year on year, while the operating profit margin on sales deteriorated from 4.2% to 2.6%.
According to the company, based on first-half results and the second-half plan, ordinary profit for the second half (October-March) is also expected to decline by approximately 25.1% year on year.
The current-year earnings forecast was revised substantially downward from the previous forecast, with net profit and earnings per share also revised. Future disclosures and the trend in actual results are expected to draw attention.