Miyakoshi Holdings, Inc. [6620.T]
TOKYO, May 13 (Pulse News Wire) – Miyakoshi Holdings,inc. (6620.T) adjusted its fiscal year 2026 forecast due to provisions for doubtful debts recorded during the fourth quarter.
The adjustments resulted in lower-than-expected operating profit and ordinary profit compared to previous estimates. In the fiscal year ending March 31, 2026, the company reported a provision for doubtful debts of ¥944 million, leading to a decrease in operating profit and ordinary profit. As a result, the consolidated net income per share decreased by 1.3%, while the overall net income showed a slight increase of 5 million yen. Specifically, the revised figures show: - Operating revenue: ¥391 million (vs. ¥386 million previously estimated) - Operating profit: --¥333 million (vs.
--¥320 million previously estimated) - Ordinary profit: --¥839 million (vs. ¥70 million previously estimated) - Net income attributable to parent company shareholders: --¥1.937 billion (vs. --¥1 billion previously estimated) Additionally, individual performance results for the fiscal year ended March 31, 2026, showed improvements in ordinary profit and net income compared to the previous fiscal year. However, operating profit declined slightly due to increased personnel expenses. The company's board chairman and president, Kuni Masaru Miyauchi, stated that the adjustments reflect cautious assessments of debt recovery prospects and changes in interest rates on held loans.
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