Asahi Seiki Kogyo cut its full-year ordinary profit forecast by 75%, lowering it from ¥40 million to ¥10 million. The ordinary loss is expected to widen for the cumulative second quarter, although the loss narrowed in the latest 3-month period.
Asahi Seiki Kogyo announced its earnings after the close on 29 October, reporting an ordinary loss of ¥138 million for the cumulative first half (April–September) of the fiscal year ending March 2027. The loss was ¥9 million in the same period of the previous year.
The full-year ordinary profit forecast was revised down 75.0%, from ¥40 million to ¥10 million. The expected decline in profit consequently widened from 77.4% to 94.4%.
Based on first-half results and the second-half plan, ordinary profit for the second half was estimated at ¥148 million, down 20.4% year on year. Ordinary loss for the latest July–September quarter was ¥38 million, compared with a loss of ¥71 million in the same period of the previous year. The loss narrowed, and the operating profit margin on sales improved from -3.0% to -0.9%.
The company said it revised its earnings forecast after taking into account expected customer demand, as sales of automated and dedicated machines and press machinery were expected to fall below the initial forecast.