OCHI HOLDINGS CO.,LTD. [3166.T]
TOKYO, May 08 (Pulse News Wire) – Ochi Holdings CO.,LTD. (3166.T) revised its mid-term business plan targets for the fiscal year ending March 2027 due to increased inflation risks and declining housing market conditions.
According to the revision, the company now forecasts sales of ¥125 billion and operating profit of ¥1.85 billion for FY2027 compared to initial projections of ¥135 billion and ¥3.8 billion respectively. The adjusted net income target stands at ¥1.31 billion, down from the previously stated ¥2.7 billion. The revisions come amid deteriorating geopolitical conditions in the Middle East, which have heightened inflationary pressures and led to expectations of further increases in long-term interest rates.
Additionally, population decline is exacerbating concerns over a prolonged downturn in the housing sector. "The external environment remains highly unpredictable," said Executive Officer and Head of Corporate Planning Fujishima Shigeaki. "We have reassessed our assumptions and plans based on the latest available data and decided to adjust our targets accordingly." Note: Actual performance may differ from these targets due to various factors beyond the company's control.
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