TOKYO, Apr 14 (Pulse News Wire) – Aqualine Ltd. (6173.T) reported significantly larger losses than previously anticipated due to lower sales figures and increased expenses.
Specifically, the company's revenue, operating profit, ordinary profit, and net income attributable to parent shareholders were substantially revised downward as of December 1, 2025. Recent performance showed a significant shortfall in sales compared to previous forecasts, particularly in water-related services. Additionally, the company recorded provisions for bad debts and inventory valuation losses, leading to an lower operating profit of approximately --¥419 million against the prior forecast of --¥301 million. In the water-related services segment, despite unchanged advertising costs as per the February 2026 forecast released on April 1, 2025, call volumes increased from the initial estimate of ¥6.200 billion calls/month to ¥6.477 billion calls/month. However, visitation rates declined from the projected ¥3.900 billion visits/month to ¥3.822 billion visits/month.
As a result, the segment’s revenue stood at ¥1.550 billion and incurred an lower operating profit of --¥370 million. Similarly, the advertising media division saw revenues of ¥283 million and an lower operating profit of --¥49 million. Overall, the company’s extraordinary losses were further exacerbated by litigation costs of ¥15 million, restructuring expenses of 9 million yen, and issuance fees related to equity financing totaling ¥10 million. Consequently, the total extraordinary loss was adjusted from the earlier projection of --¥301 million to --¥465 million. Furthermore, the lower net profit attributable to parent shareholders was revised from the previous expectation of --¥494 million to --¥707 million, reflecting additional charges such as facility closure losses amounting to ¥38 million.
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