SANKYO SEIKO CO.,LTD. [8018.T]
TOKYO, May 15 (Pulse News Wire) – Sankyo Seiko CO.,LTD. (8018.T) revised its numerical targets for the fiscal year ending March 2027 under its mid-term plan “CHALLENGE NEXT 100,” which was initially announced on May 15, 2024.
The company reduced its revenue forecast to ¥23.984 billion from the initial projection of ¥24 billion. Operating profit was adjusted downward to ¥750 million from the previous estimate of ¥1.3 billion, while ordinary profit was revised to ¥2.085 billion from ¥3.5 billion. The adjustments come amid weaker-than-expected performance in the brand business centered around the “DAKS” and “LEONARD” brands.
Despite launching the plan with goals focused on expanding global branding, transforming OEM business models, and making proactive growth investments, the challenging market conditions necessitated these revisions. Looking ahead, Sankyo Seiko plans to enhance its proposal capabilities to meet diverse customer needs and optimize store profitability. In the textile-related sector, the firm intends to pivot towards high-value-added businesses based on functional materials and lifestyle products, aiming to improve overall profitability and explore new growth areas.
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