Bplats, Inc. has revised its full-year earnings outlook downward, from its previous forecast of a profit to a loss. Although the cumulative second-quarter loss narrowed, the outlook for the fiscal year-end is expected to remain in the red.
After the close on 12 November, Bplats, Inc. announced its results, reporting a consolidated net loss of ¥41 million for April-September. The company posted a ¥86 million loss in the same period of the previous year, so the loss narrowed.
The company revised its full-year consolidated net income forecast downward, from the previous forecast of a ¥42 million profit to a ¥35 million loss. It posted a ¥925 million loss in the previous fiscal year.
Based on its latest first-half results, the estimate for the second-half outlook indicates that consolidated net income for October-March is expected to rise to a ¥6 million profit.
Separately, net income for July-September was a ¥68 million loss, while the operating margin improved from -17.3% to +16.8%, Kabutan News reported.