ランドネット revised its prior fiscal year ordinary profit forecast downward from ¥2,393 million to ¥1,696 million and its net income forecast from ¥1,549 million to ¥1,269 million. It also revised its current fiscal year earnings forecasts, with the outlook for ordinary profit and net income both coming in below the previous forecasts.
In its earnings announcement, ランドネット revised its prior fiscal year results downward. Ordinary profit fell by approximately 29.1%, from the previous forecast of ¥2,393 million to the new forecast of ¥1,696 million, while net income fell by approximately 18.1%, from the previous forecast of ¥1,549 million to the new forecast of ¥1,269 million. There was no significant change to revenue, and only the prior fiscal year figures were subject to revision.
The current fiscal year earnings forecasts were also revised. Revenue was reduced from the previous forecast of ¥110,598 million to the new forecast of ¥109,953 million, ordinary profit from ¥4,503 million to ¥3,274 million, and net income from ¥2,649 million to ¥2,369 million. The revision rates were approximately -17.6% for ordinary profit and -10.6% for net income.