Top Culture revises earnings forecast after lower-than-expected interim results

Top Culture announced a revision to its earnings forecast for the fiscal year ending October 2025, following disappointing second-quarter results. Second quarter sales declined 5% year-over-year to JPY 9.302 billion, with an operating loss of JPY 111 million, a net loss attributable to the parent company of JPY 262 million or a loss of JPY 16.80 per share. These figures are significantly below previous forecasts.