MIT Holdings cut its forecast for ordinary profit for the fiscal year ending November 2026 by 30% from the previous forecast on 15 October, lowering it to ¥194 million. Cumulative ordinary profit for the first 3 quarters was ¥167 million, down 11.6% year on year.
MIT Holdings revised its full-year forecast for consolidated ordinary profit for the fiscal year ending November 2026 down 30.0%, from the previous forecast of ¥277 million to ¥194 million. In addition, ordinary profit for the cumulative period from December 2025 to August 2026 fell 11.6% year on year to ¥167 million.
Based on the full-year plan after the downward revision, ordinary profit for June-November is expected to decline 48.3%, from the previous forecast of ¥172 million to ¥89 million, with the earnings growth rate expected to narrow from 4.5 times to 2.3 times.
Ordinary profit for the latest 3-month period, June-August, fell 4.6% year on year to ¥62 million, and the operating profit margin on sales deteriorated from 5.1% to 4.8%.
Related stocks include Nichi-Enter, Seraku, DI System, Terra Techno and Chieru. The article was prepared based on numerical data disclosed by the companies.