Meisei Industrial cuts Q2 profit forecast on higher project, personnel costs
Meisei Industrial Co., Ltd. announced a revision to its consolidated financial forecast for the second quarter (interim) of the fiscal year ending March 2026. While the company expects sales to remain consistent with the previous forecast at JPY 28,000 million, profit figures are projected to decrease.
Operating profit is now estimated at JPY 2,750 million, a reduction of JPY 550 million (16.7%) from the initial JPY 3,300 million. Ordinary profit is revised to JPY 3,100 million, down JPY 350 million (10.1%) from JPY 3,450 million. Similarly, net profit attributable to parent company shareholders is forecast at JPY 1,850 million, a decrease of JPY 550 million (22.9%) from JPY 2,400 million, impacting earnings per share which are now projected at JPY 38.87.
The revisions are attributed to additional cost incurrence for certain projects and increased personnel expenses, leading to a decrease in each profit item compared to the previous announcement. The company notes that the full-year forecast is currently being compiled, with any changes to be announced promptly.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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