Ito En revises downward full-year earnings forecast

Ito En (TSE:2593) announced a revision to its full-year earnings forecast for the fiscal year ending April 30, 2025. The company now anticipates consolidated sales of JPY472,000 million, down from the previous forecast of JPY466,600 million. Operating profit is now projected at JPY22,300 million, a decrease from the prior estimate of JPY26,500 million. Similarly, recurring profit is revised to JPY22,400 million, compared to the initial JPY26,700 million, while net profit attributable to shareholders is now estimated at JPY13,700 million versus JPY17,200 million. The company attributes the revisions to ongoing cost pressures and increased competition, despite price revisions implemented in October 2024, which were insufficient to offset these factors. The firm has also lowered its non-consolidated sales forecast from JPY336,470 million to JPY334,000 million and revised its net profit forecast from JPY15,000 million to JPY10,700 million.