Cawachi limited revises earnings and dividend forecasts after error

Cawachi Limited announced on October 31, 2025, corrections to its "Notice Concerning Revision of Full-Year Earnings Forecasts and Revision of Dividend Forecast (65th Anniversary Commemorative Dividend)" originally issued on October 29, 2025. The company stated that some information in the prior announcement was incorrect.

The corrections relate to the reasons for the revision of earnings forecasts. For the current interim consolidated accounting period, net sales fell short of the plan due to a decline in consumer sentiment, rising prices, increased competitor store openings, and retailer demand stimulation measures.

Regarding profits, selling, general, and administrative expenses were below plan due to decreases in supplies expenses. However, personnel expenses increased with higher wages, and utilities expenses also increased due to severe hot weather. The specific changes highlighted were "and utilities expenses also increased due to severe hot weather" in the "Before correction" section, and the omission of this phrase in the "After correction" section, indicating a refined understanding of cost impacts.