TOKYO, May 15 (Pulse News Wire) – Placo CO.,LTD. (6347.T) revised its fiscal year 2026 (FY26) earnings forecast, citing lower-than-expected sales and increased costs.
According to the company's latest report released today, the consolidated operating profit fell below previous estimates by 4.3%, while net income per share decreased by 17.2%. For the fiscal year ending March 31, 2026, the company had previously projected revenue of ¥2.800 billion, operating profit of ¥150 million, ordinary profit of ¥150 million, and net income attributable to shareholders of ¥100 million. However, the actual figures reported today show revenue of ¥2.679 billion, operating profit of ¥138 million, ordinary profit of ¥135 million, and net income attributable to shareholders of ¥82 million, marking a significant deviation from earlier projections. In addition, the standalone performance also saw discrepancies.
While the company anticipated revenue of ¥2.400 billion and net income per share of ¥70 million, the actual results showed revenue of ¥2.179 billion and net income per share of ¥109 million. Despite a decline in sales, the company managed to exceed expectations in ordinary profit due to reduced additional costs and cost-cutting measures applied to products. The adjustments reflect a challenging business environment, particularly impacting sales volumes and operational expenses. PLACO attributed the variance primarily to delays in recognizing certain revenues and unexpected tax expenses, which collectively led to the downward revision of their initial forecasts.
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