Sugi Holdings revised down its consolidated earnings forecast for the fiscal year ending February 2027, setting operating profit at ¥51.0 billion and net income at ¥27.4 billion. The revision was driven by lower-than-expected sales of seasonal products amid unseasonable summer weather.
Sugi Holdings revised its full-year consolidated earnings forecast for the fiscal year ending February 2027, cutting operating profit from the previous ¥54.0 billion to ¥51.0 billion and net income from ¥32.8 billion to ¥27.4 billion. The new forecast was presented in an official announcement and reflects the impact of weather conditions.
According to the announcement, unseasonable summer weather affected sales of seasonal products such as sunscreen, resulting in an expected shortfall against the sales plan. As a result, profit is expected to be lower than previously forecast.
The revision has attracted market attention and has been reported as a review of the company's full-year plan.