Nagoya Electric Works swung to a ¥430 million consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2027, and its second-half plan also calls for a loss. Losses continued in July-September, while net sales and profit margins deteriorated significantly.
Nagoya Electric Works posted a ¥430 million consolidated ordinary loss for April-September, compared with a ¥10 million profit in the same period of the previous year.
Based on the first-half results and full-year plan released by the company, consolidated ordinary profit for the second half was estimated at ¥1.14 billion, down approximately 35.7% year on year.
Consolidated ordinary income for July-September was a ¥460 million loss, compared with a ¥220 million profit in the same period of the previous year. The ratio of operating income to net sales deteriorated from 5.9% in the same period of the previous year to -19.7%.
This article was prepared based on data released by the company and calls for readers to review the financial results summary and other disclosures.