After market close on the 25th, TOYO ASANO revised downward its consolidated earnings forecast for the fiscal year ending February 2027. Net sales were revised from ¥13.5 billion to ¥11.5 billion, operating profit of ¥550 million to an operating loss of ¥200 million, and net profit of ¥280 million to a net loss of ¥170 million. The company cited a decline in the expected number of high-value-added properties as a factor.
After market close on the 25th, TOYO ASANO revised downward its consolidated earnings forecast for the fiscal year ending February 2027. Net sales were cut from the previous forecast of ¥13.5 billion to ¥11.5 billion, while operating profit of ¥550 million was revised to an operating loss of ¥200 million.
Net profit was also revised from ¥280 million to a net loss of ¥170 million, leaving the previous profit forecast in tatters.
The company cited a lower-than-expected number of high-value-added properties as a factor behind the revision. Additional information may be disclosed depending on future announcements and market conditions.
Investors are expected to focus on indicators such as the sales mix, property acquisition trends and movements in the cost ratio.