Moriroku Holdings revises earnings forecast due to loss increase

Moriroku Holdings Company (TSE:4249) announced a revision to its earnings forecast for the fiscal year ending March 31, 2025, due to an increase in extraordinary losses. The company will now record an additional JPY 6,626 million as a provision for loss on restructuring of affiliated companies, related to the share transfer of its Mexican subsidiary, Moriroku Technology De Mexico S.A. DE C. V. This includes the JPY 1,708 million already announced on March 13, 2025. As a result, Moriroku expects a JPY 3,700 million decrease in net income attributable to the parent company. The company maintains its previous forecast for sales, operating income, and ordinary income; with sales expected at JPY 150,000 million, operating income at JPY 3,400 million, and ordinary income at JPY 2,000 million. However, the net loss attributable to parent company shareholders is now projected at JPY 8,300 million, or JPY -565.44 per share.