BAROQUE JAPAN LIMITED [3548.T]
TOKYO, Apr 14 (Pulse News Wire) – Baroque Japan Limited (3548.T) revised its fiscal year 2026 earnings forecast due to lower-than-expected customer traffic and increased inventory write-downs for its AZUL BY MOUSSY brand. Previously, the company had projected revenues of ¥51.80 billion, operating profit of ¥579 million, ordinary profit of ¥628 million, and net income per share of ¥13.9 million for the fiscal year ending February 28, 2026.
However, the latest figures show revenues of ¥51.50 billion, operating profit of ¥321 million, ordinary profit of ¥383 million, and net income per share of ¥10.2 million. The decline in AZUL BY MOUSSY's performance accounted for approximately 30% of domestic sales. Despite this setback, the company’s overall revenue remained largely in line with expectations for brands outside of AZUL BY MOUSSY.
Additionally, Baroque Japan reported receiving dividend payments totaling ¥230 million from its US subsidiary, which contributed positively to its extraordinary income. In light of these changes, the company does not anticipate altering its previously announced annual dividend guidance of ¥38. Further details on the restructuring plan for AZUL BY MOUSSY can be found in today's release of the “New Medium-Term Business Plan.”.
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