ALMETAX revised its first-half ordinary income forecast downward, reversing to a 6% decline, and also lowered its full-year forecast for sales and each profit item.
ALMETAX announced revisions to its earnings forecasts for the current fiscal year. It revised its first-half ordinary income forecast from the previous outlook to 60, a substantial decline year on year.
First-half sales declined from ¥400.0 billion to ¥375.0 billion, operating profit turned from a profit to a loss, and net income was revised from ¥8.5 billion to ¥4.5 billion. The expected revision rates are -6.3% for sales, -53.8% for ordinary income and -47.1% for net income.
Revisions were also made to the current-year forecast. Sales were lowered from ¥800.0 billion to ¥780.0 billion, operating profit was revised from ¥3.0 billion to ¥2.0 billion, ordinary income from ¥19.0 billion to ¥18.0 billion, and net income from ¥12.5 billion to ¥12.0 billion. The revision rates are -2.5% for sales, -5.3% for ordinary income and -4.0% for net income.