Kitahama Capital Partners Co.,Ltd. [2134.T]
TOKYO, May 15 (Pulse News Wire) – Kitahama Capital Partners CO.,LTD. (2134.T) reported lower-than-expected quarterly results for the fiscal year ending March 31, 2026.
The company recorded various non-operating items, including interest income of ¥41.7 million, provisions for doubtful debts of ¥139.1 million, investment losses of ¥63.4 million, non-deductible consumption tax of ¥25.9 million, extraordinary gains of ¥103.6 million, and fixed asset disposal gains of ¥5.0 million. Additionally, adjustments related to the dissolution of subsidiary SUN GREEN POWER ENERGY PTE. LTD. led to an increase in deferred tax assets, resulting in a net adjustment of ¥35.8 million.
In comparison to its previous forecast released on March 26, 2026, the company's revenue was revised to 1,910 million yen, operating profit to -982 million yen, ordinary profit to 1,177 million yen, and net profit attributable to parent shareholders to -2.43 million yen per share. The revisions reflect a decrease of 161 million yen in operating profit and 429 million yen in ordinary profit compared to initial estimates. The discrepancies stem from additional adjustments made during the quarter, including the recognition of extraordinary gains from the liquidation of associated companies totaling ¥39.0 million and investment losses recognized through the equity method amounting to ¥43.3 million. These factors contributed to the overall variance from the previously published forecasts.
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