TOKYO, Apr 09 (Pulse News Wire) – Altech CO.,LTD. (9972.T) reported a lower net profit of ¥18 million for the quarter ending February 28, 2026, compared to a profit of ¥110 million in the same period last year.
Revenue was ¥1250 billion from ¥1280 billion, marking a decline of 2.3%. Operating profit dropped to ¥137 million from ¥137 million, while ordinary profit decreased to ¥137 million from ¥137 million. The company attributed the revenue decline to reduced sales volumes in its trading division despite efforts to expand existing customer bases and secure new clients. In contrast, the preform division saw increased sales volume but still experienced a reduction due to the withdrawal from the recycling flakes business in China.
Despite these challenges, the preform division managed to turn a profit, whereas the trading division incurred losses. For the full fiscal year ending November 2026, Altech forecasts revenues of ¥3000 billion, representing a decrease of 10.0% from the previous year. The company expects operating profits of ¥1000 billion, a drop of 20.0%, and ordinary profits of ¥800 billion, down 25.0%. On March 24, 2026, Altech entered into a financial covenant agreement with Mitsubishi UFJ Bank as arranger, securing a loan of ¥19.8 million to bolster its financial position and support its strategic initiatives outlined in its mid-term business plan for.
The funds aim to enhance profitability through restructuring and reinforcing value creation platforms.
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