Itoham Yonekyu Holdings announced its results and revised its ordinary profit forecast for the current fiscal year down 2% from the previous forecast. Cumulative second-quarter profit was ¥11.3 billion, down 17.0% year on year, and the full-year forecast was lowered to ¥27.5 billion.
Itoham Yonekyu Holdings announced its results around noon on 4 November, reporting consolidated ordinary profit of ¥11.3 billion, down 17.0% year on year. Based on first-half results, it downwardly revised its ordinary profit forecast for the current fiscal year from the previous ¥28.0 billion to ¥27.5 billion.
The new full-year forecast assumes second-half ordinary profit of ¥16.1 billion, down 3.5% year on year, with the decline in profit expected to widen. In the latest three months, ordinary profit in the July-September quarter fell sharply to ¥2.16 billion, while the sales operating profit margin declined to 0.9%.
The earnings summary reports the comparison between cumulative second-quarter results and the second-half plan, as well as the revised forecast. Attention is focused on future trends in management indicators and the impact of the downward revision.