コーセーホールディングス cut its ordinary income forecast for the current fiscal year from the previous ¥21 billion to ¥18.3 billion. The second-half outlook was also revised, and although profit growth was maintained for the cumulative third quarter, achieving the full-year plan is expected to become more difficult.
On 10 November, コーセーホールディングス cut its current-period consolidated ordinary income forecast from the previous ¥21 billion to ¥18.3 billion alongside its earnings announcement. As a result, the year-on-year decline is expected to widen. At the cumulative third-quarter stage, ordinary income was ¥14.1 billion, up 4.4% year on year, while revenue was ¥238,725 million and the operating margin on sales had improved.
Based on the revised full-year plan, ordinary income for the second half was cut to ¥9.48 billion and is expected to decline from ¥11.8 billion in the same period a year earlier. The forecasts for full-year net income and earnings per share were also lowered, and overall earnings are expected to enter a declining phase.
For the latest three-month period, July–September, consolidated ordinary income rose substantially to ¥5.32 billion from the same month a year earlier, and the margin on revenue improved. However, with a revised second-half plan in place, full-year earnings are still expected to remain below the previous forecast.
The factors behind the downward revision, in light of market conditions and demand trends, include sluggish full-year revenue growth and the impact of cost trends. Future earnings performance will require close monitoring.