天龍製鋸 revised down its earnings outlook for the first half of the current fiscal year to a loss and significantly lowered its full-year net profit forecast. As a result, the company is now expected to fall into the red in the first half, while its full-year profit outlook is set to contract significantly from the previous forecast.
天龍製鋸 announced its results during the afternoon session on 6 August, reporting an increase in first-quarter net profit for the fiscal year ending March 2027 from the same period of the previous year.
Meanwhile, first-half net profit for the April-September period was sharply revised downward, changing from the previously forecast ¥710 million profit to a ¥280 million loss. The company posted a ¥840 million profit in the same period of the previous year.
Accordingly, the full-year net profit forecast was also revised downward, changing from the previously forecast ¥1.48 billion to ¥670 million, with the decline from the previous fiscal year expected to widen.
In the latest three-month results, first-quarter sales and operating margin declined from the previous fiscal year.