AXAS HOLDINGS CO.,LTD. [3536.T]
TOKYO, Apr 14 (Pulse News Wire) – Axas Holdings CO.,LTD. (3536.T) adjusted its fiscal year 2026 mid-year forecast due to economic pressures impacting sales and profitability.
In the six-month period ending February 28, 2026, revenue decreased to ¥6.382 billion compared to the previous estimate of ¥6.738 billion, while operating profit fell to -¥100 million from ¥226 million. Additionally, ordinary profit dropped to negative ¥3 million from ¥149 million, and net income per share declined to ¥-0.67 from ¥4.7 million. The downturn was attributed to rising costs due to prolonged yen depreciation, increased import expenses, and heightened consumer defensive spending on essential goods such as gasoline and foodstuffs. Despite efforts to expand customer bases through new partnerships, overall sales did not meet expectations.
Higher interest rates also contributed to increased financing costs, further straining profits. To address these challenges, AXAS plans to focus on expanding its retail presence in densely populated areas with diverse product offerings, including cosmetics and general merchandise. In wholesale operations, the company intends to intensify efforts to attract new clients and promote self-distilled products manufactured at the Rokko Distillery. Furthermore, AXAS remains committed to pursuing mergers and acquisitions to enhance synergies within existing businesses and secure growth opportunities.
🟢 Confidence: High AI-translated content.