Ozu Corp revises earnings forecast amid losses, affiliate impact

Ozu Corporation (TSE:7487) announced a revision to its full-year consolidated earnings forecast for the fiscal year ending May 31, 2025. The adjustment reflects anticipated foreign exchange losses and the recognition of a special loss related to its equity-method affiliate, Azfit Corporation. Specifically, Ozu expects to record an investment loss allowance of JPY 134 million due to an expected call option exercise from Senko Group Holdings regarding Azfit shares. As a result, Ozu now projects sales of JPY 10,220 million, operating profit of JPY 430 million, and net profit attributable to the parent company of JPY 430 million or JPY 51.18 per share. These figures are down from the previous forecast of JPY 10,000 million in sales, JPY 440 million in operating profit, and JPY 480 million in net profit or JPY 57.12 per share.