Rhythm revised downward its ordinary profit forecast for the current fiscal year. Cumulative ordinary profit for the second quarter was ¥1.06 billion, turning to a decline from the previous forecast for an increase in profit.
On 13 November, Rhythm released its earnings report and announced that consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2027 (April-September) was ¥1.06 billion, down 7.5% year on year. The outlook shifted to a decline in profit from the previous forecast for a 12.7% increase.
At the same time, the full-year consolidated ordinary profit forecast was revised down 19.6% from ¥2.3 billion to ¥1.85 billion, compared with ¥1.97 billion in the previous fiscal year, resulting in an outlook for a 6.5% decline in profit. Ordinary profit for the second half, the October-March period, is expected to be ¥780 million, down 5.2% year on year.
In the latest three-month period, ordinary profit for the July-September period (2Q) rose 5.5% year on year to ¥430 million, while the operating margin deteriorated from 5.2% to 4.1%.