テンアライド revised its consolidated ordinary income forecast for the current fiscal year downward, expecting it to turn into a loss. The cumulative second-quarter results showed a wider loss, while full-year net income is expected to improve to a profit.
In its results for the cumulative second quarter, テンアライド announced that consolidated ordinary income for the current fiscal year is expected to be a loss of ¥203 million. Although the year-earlier period also recorded a loss, the loss widened, and the previous forecast for a profit was withdrawn. The full-year earnings outlook was revised downward across the board accordingly.
The ordinary income forecast for the full year changed from a profit of ¥114 million to a loss of ¥311 million. By contrast, the consolidated net income forecast for the full year changed from a profit of ¥48 million to a profit of ¥100 million, an upward revision of approximately 2.1 times. These outlooks are based on first-half results and plans for the remainder of the year.
Consolidated ordinary income for the July-September period, the second quarter, was a loss of ¥139 million, while the operating margin on net sales deteriorated to -4.6% from -1.7% a year earlier. Based on these figures, attention is focused on the outlook for a recovery and the extent of improvement in the second half.
For the remainder of the current fiscal year, ordinary income in the second half is estimated to show a wider loss year on year. The timing of the eventual return to profitability is a key focus.