TOKYO, May 08 (Pulse News Wire) – Oricon Inc. (4800.T) reported an impairment loss of ¥368.6 million due to lower-than-expected performance of its subsidiary Shinkoku since its acquisition in October 2024.
As a result, the company revised its full-year forecast for the fiscal year ending March 31, 2026. The updated figures show a revenue increase to 6,320 compared to the previous estimate of 6,000. Operating profit rose to 1,543, while ordinary profit reached 1,601. However, net income attributable to parent shareholders decreased to 625, falling below the earlier projection of ¥7440 cents per share.
The discrepancy stems from higher-than-projected revenues and profits across various segments, particularly in customer satisfaction surveys and news distribution services. Despite these gains, special losses such as the impairment charge led to a significant drop in net income, resulting in a shortfall of 335 cents per share against the initial guidance. In the prior fiscal year, Oricon recorded revenues of 4,916 with a net income of ¥7642 cents per share. The company attributes the improved performance in key areas but acknowledges the impact of extraordinary expenses on overall profitability.
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