MOONBAT announced that it had cut its consolidated earnings forecasts for the current fiscal year, with revenue expected to fall to ¥11.7 billion, net profit to ¥300 million, and the annual dividend to ¥35, while executive compensation will be reduced by up to 30% for 3 months.
MOONBAT cut its consolidated earnings forecasts for the fiscal year ending March 2027, reducing revenue from ¥12.5 billion to ¥11.7 billion and net profit from ¥600 million to ¥300 million. The outlook changed from higher revenue and profit to lower revenue and profit, and the annual dividend will also be cut from ¥61 to ¥35. In addition, executive compensation will be reduced by up to 30% during the applicable period as management takes responsibility. The company said that its core parasol business was weak in the first half; although rain umbrellas performed well, they could not offset the decline in parasols.
Director Yamamoto Satoshi (山本聡) cited the inability of rain umbrella sales, despite reaching a certain level, to offset weak parasol sales, as well as increased competition in heat-shielding products, reliance on overseas sourcing and the negative impact of the weak yen on profits as reasons for the reduction.