IWATSUKA CONFECTIONERY CO.,LTD. announced an earnings revision during the afternoon session on 30 October. The company lowered its forecast for cumulative ordinary profit for the second quarter and also expects to cut its full-year forecast.
IWATSUKA CONFECTIONERY CO.,LTD. lowered its forecast for consolidated ordinary profit for the cumulative second quarter (April–September) from ¥1.5 billion to ¥1.1 billion; ordinary profit was ¥2.11 billion in the same period of the previous year. The reduction from the previous forecast was 26.7%, and the decline in profit is expected to widen.
Following the deterioration in first-half results, the company also lowered its forecast for full-year consolidated ordinary profit from ¥1.9 billion to ¥1.7 billion; the previous fiscal year’s actual result was ¥2.88 billion. The decline in profit is expected to widen from 34.0% to 41.0%.
The article states that it was prepared based on numerical data published by the company.