Piara sharply cut its current-year ordinary profit outlook, and its third-quarter results also turned loss-making. The full-year forecast is expected to be substantially lower than the previous forecast.
Piara announced its results after the market close on 13 November. Consolidated ordinary profit for the cumulative third quarter (January-September) of the fiscal year ending December 2026 was ¥46 million, down sharply year on year.
It also revised its full-year ordinary profit forecast down 58.2%, from the previous forecast of ¥263 million to ¥110 million, implying a 52.4% decline for the current fiscal year. The ordinary profit forecast for the second half was also sharply reduced, from ¥164 million to ¥11 million.
In the latest three-month period, ordinary income for July-September was a loss of ¥53 million, and the operating margin on sales deteriorated from 0.1% in the year-earlier period to -1.0%.