During the afternoon session on 28 October, Chuo Spring sharply reduced consolidated ordinary profit for the six months through the second quarter to ¥700 million and revised down its full-year forecast from the previous ¥3.75 billion to ¥2.3 billion. The company also lowered its profit outlook for the second half.
Chuo Spring's consolidated ordinary profit for the six months through the second quarter (April-September) of the fiscal year ending March 2027 fell to ¥700 million, down 64.2% year on year. The operating profit margin on sales for the second quarter deteriorated to 1.3% from 3.2% a year earlier.
The company revised down its full-year ordinary profit forecast from the previous ¥3.75 billion to ¥2.3 billion, with the rate of decline in profit expected to widen to 48.8%.
Based on the first-half results and full-year plan announced by the company, consolidated ordinary profit for the second half is expected to be approximately ¥1.6 billion, a decline of approximately 37.0% year on year.