Amano Corporation revised its consolidated ordinary profit forecast for the current fiscal year downward from ¥25.6 billion to ¥21.5 billion, and cut its first-half ordinary profit forecast from ¥10.9 billion to ¥8.3 billion. The previous fiscal year's results were ¥24.3 billion in both cases.
Amano Corporation announced an earnings revision during the afternoon trading session on 27 October, revising its previous forecast of ¥25.6 billion downward to ¥21.5 billion. As a result, consolidated ordinary profit for the current fiscal year is expected to decline 11.7%.
In its simultaneously announced first-half outlook, the company also revised consolidated ordinary profit for the April–September period downward from the previous forecast of ¥10.9 billion to ¥8.3 billion, which is expected to fall below the ¥10.4 billion recorded in the same period of the previous fiscal year.
Kabutan News prepared the article based on numerical data disclosed by the company, and related stocks included Kitagawa Iron Works, Seibu Electric and Sanoyas Holdings.
The article does not state specific causes or prospects for a recovery, so further disclosure will be needed for background on the downward revision and additional information.