SHINTO COMPANY LIMITED [5380.T]
TOKYO, May 08 (Pulse News Wire) – Shinto Company Limited (5380.T) announced today that its board of directors decided to withdraw the previously released fiscal year 2026 (ending June 30, 2026) earnings forecast due to uncertainties surrounding energy costs and supply constraints of construction materials. The company had initially projected operating profit of ¥2.4 million, ordinary profit of ¥-7 million, and net profit of ¥-9.89 million per share for the fiscal year ending June 30, 2026.
However, recent developments suggest that accurately forecasting future performance is currently impossible. Therefore, the company stated that it would refrain from providing updated figures until more clarity emerges. Shinto cited fluctuating crude oil prices influenced by Middle East dynamics and concerns over shortages of various building materials, particularly petroleum products, as key factors contributing to the decision.
These issues could lead to increased procurement costs and potential delays in project timelines, impacting sales revenue and profitability. Additionally, fluctuations in housing demand could further complicate matters. Despite abandoning the forecast, Shinto plans to maintain dividend levels similar to those of the previous fiscal year.
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