abc revised its consolidated net income forecast for the fiscal year ending August 2027 upward, from the previous forecast of a loss to a profit. It will record ¥300 million from the return of an equity investment as extraordinary income.
abc announced a revision to its earnings forecasts after the market close on 6 November, and now expects consolidated net income for the fiscal year ending August 2027 to return to profitability. The previous fiscal year was loss-making, but the company aims to return to profit and post a record-high net income. The earnings outlook for the first half remains undisclosed.
The revision reflects the recording of ¥300 million from the return of an equity investment as extraordinary income. The company explained that revenue, operating profit and ordinary profit are expected to remain unchanged from the previously announced forecasts, and that no tax expense is expected to arise.
Under the revised forecasts for the current fiscal year, net income is ¥245 million and revised EPS is ¥4.6, while the dividend remains undisclosed at ¥0. Compared with the previous forecast, both net income and EPS are expected to turn profitable.
The earnings outlook for the first half of the current fiscal year remains undisclosed. The revision reflects the recording of extraordinary income, with no change to the full-year outlook for revenue, operating profit or ordinary profit.