Sanyo Homes announced its results for the current fiscal year on 11 November. The cumulative ordinary income for the first two quarters was an expanding loss, and the full-year ordinary profit forecast was revised downward from the previous ¥2 billion to ¥1.21 billion, resulting in a forecast for a decline in profit.
Sanyo Homes released its results in the afternoon session on 11 November. Consolidated ordinary income for the cumulative first two quarters of the fiscal year ending March 2027 (April-September) was a ¥1 billion loss, compared with a ¥150 million loss in the same period a year earlier.
At the same time, the full-year forecast for ordinary profit was revised downward from the previous ¥2 billion to ¥1.21 billion, resulting in a forecast for a 39.0% decline in profit. Based on first-half results and the second-half forecast, ordinary profit for the October-March period is expected to rise 3.7% year on year to ¥2.21 billion.
Consolidated ordinary income for the July-September quarter, the latest three-month period, was a ¥7 million loss, compared with a ¥190 million loss in the same period a year earlier, while the operating income margin on sales improved from -1.5% to 0.7%.
As for the outlook, the second-half forecast includes undefined variables compared with the pre-revision forecast, while suggesting the possibility of a return to profitability or improvement in ordinary profit during the second half.
A financial results briefing PDF was released as supporting documentation. The figures may be revised again depending on the release of additional information.