Sugi Holdings corrects Q3 financial results, revises forecast

Sugi Holdings announced partial corrections to its previously released Q3 results on April 10, 2025. The company cited the discovery of inaccuracies in the initial report as the reason for the restatement. Key figures from the corrected nine-month report include net sales of JPY 634,619 million, a 15.1% increase year-over-year, and a profit attributable to owners of the parent of JPY 19,066 million, up 17.4%. Basic net income per share was JPY 105.36. Additionally, the company revised its full-year forecast, projecting net sales of JPY 875,000 million, a 17.5% increase, and profit attributable to owners of the parent of JPY 25,500 million, a 16.0% increase, resulting in a net income per share of JPY 140.91. The company has provided an updated document highlighting the corrected sections with underlining.