ＭＩＴホールディングス announced that it had cut its full-year ordinary profit forecast for the fiscal year ending November 2026 from the previous forecast and expects ordinary profit to fall 30.0% to ¥194 million. It also released results for the nine-month cumulative period and its plan for the second half.
ＭＩＴホールディングス released its financial results after the close on 15 October. Consolidated ordinary profit for the nine-month cumulative period from December 2025 through August 2026 was ¥167 million, down 11.6% from the same period a year earlier.
The full-year ordinary profit forecast was revised down from the previous forecast of ¥277 million to ¥194 million, with the projected growth rate narrowing from 71.0% to 19.8%.
The ordinary profit outlook for the second half was also revised. Ordinary profit for the June-November period was reduced from the previous forecast of ¥172 million to ¥89 million, implying a 48.3% year-on-year decline. Ordinary profit for the June-August period was ¥62 million, down 4.6% year on year.
Attention is now focused on future earnings trends following the nine-month results and the revised forecasts for the second half and full year.