Nissha lowered its consolidated earnings forecast for the fiscal year ending December 2026 to a ¥6.2 billion loss. The company announced that the forecast had swung from a profit in the previous fiscal year and that inappropriate accounting at the acquired company was believed to have affected results.
Nissha lowered its consolidated earnings forecast for the fiscal year ending December 2026, forecasting a ¥6.2 billion loss, well below the ¥3.2 billion profit recorded in the previous fiscal year.
The announcement was made on the 30th and explained that inappropriate accounting at the acquired company was the main factor behind the revision.
The announcement dated the same day presented an earnings forecast based on International Financial Reporting Standards (IFRS) and revised the full-year outlook accordingly.