SAC'S BAR HOLDINGS INC. [9990.T]
TOKYO, May 15 (Pulse News Wire) – SAC'S BAR HOLDINGS INC. (9990.T) announced today that its board of directors revised the final-year targets of its medium-term management plan for the fiscal year ending March 2027.
The adjustments follow recent performance trends, which showed a decline in sales due to consumers' heightened defensive spending amid rising prices. Specifically, the company reduced its projected revenue to ¥53.513 billion from the initial estimate of ¥58,749 billion. Gross margin was adjusted to 50.0%, down slightly from the previously planned 50.4%. Operating profit was revised downward to ¥3.426 billion from ¥4.959 billion.
Net income attributable to shareholders also saw a decrease to ¥2.112 billion from ¥3.029 billion. Additionally, the number of stores is expected to decrease by 28 units compared to the previous forecast. The revisions reflect challenges in achieving the original goals set forth in the plan published on May 10, 2024. Factors contributing to the adjustment include a slowdown in consumer discretionary spending, leading to lower-than-expected sales figures and increased operating costs.
The company anticipates further impacts from tax reforms effective in the 2027 fiscal year, particularly the application of deemed taxable income standards.
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