Sugi Holdings revised down its ordinary profit forecast for the current fiscal year from the previous ¥55.0 billion to ¥51.4 billion, a 6.5% downward revision. Cumulative results for the second quarter (March-August) were ¥23.9 billion, down 1.3% year on year.
Sugi Holdings announced its results after the close of trading on 8 October, reporting cumulative consolidated ordinary profit of ¥23.9 billion for the second quarter of the fiscal year ending February 2027. This was down 1.3% year on year.
The full-year forecast was revised down from the previous forecast of ¥55.0 billion to ¥51.4 billion, narrowing the projected increase in profit from 9.9% to 2.7%.
Based on actual results for the first half and the plan for the second half, consolidated ordinary profit for the September-February period was estimated at ¥27.4 billion, up 6.4% year on year. In the most recent three-month period, ordinary profit for June-August was ¥12.3 billion, down 4.2% year on year, while the operating margin on sales deteriorated from 5.0% to 4.6%.