Matsuya Foods Holdings revised its ordinary profit forecast for the current fiscal year downward after announcing its results after the market close on 13 November, turning to an outlook for a decline of just under 30%. It also significantly cut its full-year forecast, resulting in a substantial deterioration in the outlook for current-year results.
Matsuya Foods Holdings announced its results and significantly reduced its ordinary profit forecast for the current fiscal year from the previous forecast. The downward revision reflects a slowdown exceeding that of the previous fiscal year, resulting in an outlook for a decline of approximately 30%.
For the latest 3 months, the July-September quarter and second quarter, ordinary profit fell 37.1% year on year to ¥1.31 billion, while the operating margin on net sales deteriorated from 4.2% to 2.2%.
The full-year ordinary profit forecast was cut from ¥8.4 billion to ¥5.8 billion, a decline of approximately 31.0% from the previous fiscal year's ¥8.34 billion.
For the second half of the current fiscal year, ordinary profit for the October-March period is estimated at ¥3.63 billion, down 28.8% year on year, with progress against first-half results projected cautiously.