Chugai Mining Co.,Ltd. announced its results after the market close on 12 November. Cumulative consolidated net income/loss for the second quarter of the fiscal year ending March 2027 was a ¥650 million loss, turning to a loss and falling below the previous profit forecast.
Cumulative consolidated net income/loss for the second quarter of the fiscal year ending March 2027 was a ¥650 million loss, compared with a ¥710 million profit in the same period of the previous year. The forecast was revised downward from the previous ¥10 million profit forecast to a loss.
The full-year income forecast was also revised downward from the previous ¥1 billion profit forecast to a ¥100 million loss, compared with a ¥1.51 billion profit in the previous year. The full-year plan therefore calls for a loss.
The company estimated that second-half consolidated net profit would fall 30.7% year on year to ¥550 million.
Consolidated net income/loss for the most recent three-month period, July–September, was a ¥90 million loss, and the operating profit margin on sales deteriorated from 1.1% in the same period of the previous year to 0.1%.
The company also stated that it would not pay an interim dividend.