TOKYO, May 15 (Pulse News Wire) – Petgo Corporation (7140.T) reported its individual performance figures for the fiscal year ending March 31, 2026, showing a significant decline in net profit compared to the previous fiscal year. For the fiscal year, the company's revenue per share was ¥6.991 billion, operating profit was --¥261 million, ordinary profit was --¥287 million, and net profit was --¥279 million.
This represents a decrease of --¥1.798 billion in revenue, --¥486 million in operating profit, --¥527 million in ordinary profit, and a reduction rate of 20.5%. The drop in revenue was attributed to the termination of certain product lines, leading to a substantial decrease in sales through traditional channels.
However, direct-to-consumer (D2C) sales showed strong growth during the same period. Additionally, the company’s advertising and promotional investments aimed at growing its D2C brands contributed to lower profitability compared to the prior year.
In terms of profits, the decline in sales volume led to reduced operating income, coupled with increased marketing expenses for brand expansion efforts, resulting in overall lower earnings than anticipated.
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