Plant revises down FY2025 earnings forecasts amid profitability concerns

Plant Co. announced revisions to its earnings forecasts for the second quarter and full fiscal year ending September 2025. The company now expects second-quarter sales of JPY 48,265 million, down from the previous forecast of JPY 48,600 million, with operating profit lowered from JPY 1,400 million to JPY 979 million and net profit dropping from JPY 965 million to JPY 751 million. The company attributes the revised forecasts to lower-than-anticipated gross profit margins due to price adjustments aimed at increasing customer traffic and increased losses related to active sales floor promotions. For the full fiscal year, Plant anticipates sales of JPY 97,465 million, with operating profit decreasing from JPY 2,450 million to JPY 1,800 million and net profit declining from JPY 1,700 million to JPY 1,350 million. The company intends to implement measures to improve gross profit margins in the second half of the year, including price policy revisions and loss control.