PLAID revised its ordinary profit forecast for the current fiscal year down from the previous ¥2.09 billion to ¥1.4 billion. Cumulative third-quarter results fell sharply year on year, prompting a corresponding cut to the second-half plan.
On 13 August, PLAID announced its cumulative third-quarter results. Consolidated ordinary profit was ¥710 million, down 39.8% year on year. Revenue was ¥8,062 million and operating profit was ¥166 million. Both revenue and profit margin declined from the same period a year earlier.
The full-year forecast was revised down 33.3% from the previous plan of ¥2.09 billion to ¥1.4 billion. The second-half ordinary profit plan was also substantially reduced, from the previous ¥1.57 billion to ¥870 million. The revision to the second-half plan reflects the results of the most recent 3 quarters.