ナンシン released its financial results. Ordinary income for the cumulative second quarter of fiscal 2024 (April–September) was a loss of ¥42 million, down from ordinary income of more than ¥90 million in the same period of the previous year. The full-year ordinary income forecast was also lowered from the previous forecast of ¥350 million to ¥250 million, with a decline of approximately 15.8% year on year now expected.
ナンシン released its financial results, reporting a consolidated ordinary loss of ¥42 million for the cumulative second quarter of the fiscal year ending March 2027 (April–September), compared with ordinary income of ¥88 million in the same period of the previous year.
The full-year ordinary income forecast was lowered from the previous forecast of ¥350 million to ¥250 million, implying a 15.8% decline in earnings from the same period.
For the latest three months, consolidated ordinary income for July–September turned to a loss of ¥13 million, while the operating margin on net sales deteriorated from 1.6% in the same period of the previous year to -0.7%. Based on first-half results and the previous forecast, the calculation for second-half ordinary income implies a substantial year-on-year increase, but actual results have turned to a loss.
The outlook estimates ordinary income for the October–March period at ¥292 million, approximately 39.7% above the same period of the previous year.