ＳＡＮＥＩ revised down its consolidated earnings forecast for the fiscal year ending March 2027. Revenue was changed from ¥30.8 billion to ¥29.5 billion, operating profit from ¥2.0 billion to ¥1.1 billion, and net income from ¥1.28 billion to ¥650 million. It also announced its interim results for the six months ended September.
ＳＡＮＥＩ extended its decline in the afternoon session and revised down its consolidated earnings forecast for the fiscal year ending March 2027. The new forecast was changed from revenue of ¥30.8 billion to ¥29.5 billion, operating profit of ¥2.0 billion to ¥1.1 billion, and net income of ¥1.28 billion to ¥650 million, shifting from a forecast increase in profit to a forecast decline.
The interim results for the six months ended September, announced at the same time, were revenue of ¥14.441 billion, up 2.9% year on year, operating profit of ¥333 million, down 50.1%, and net income of ¥175 million, down 60.3%.
The downward revision was attributed to sluggish demand resulting from the slump in the housing market and persistently high raw material and purchasing costs.