NAFCO cut its current-year net profit forecast by 37%, from ¥1.27 billion to ¥800 million. In light of the widening loss in the July–September period and its first-half results, it indicated that it expects to return to profitability in the second half.
NAFCO announced its financial results after the close of trading on 6 November. It cut its full-year net profit forecast for the current fiscal year by 37.0%, from ¥1.27 billion to ¥800 million, and now expects the increase in profit from the previous fiscal year to be smaller. Figures including revenue and operating profit were disclosed in a separate table.
Net income for the cumulative second quarter (April–September) was ¥570 million, down 29.6% from the same period a year earlier and below the original midyear plan.