Towns continues to decline after downward revision due to smaller-than-expected infectious disease outbreak
Towns <197A> continued to fall. After the close of trading on the 30th, the company announced a downward revision of its full-year earnings forecast for the fiscal year ending June 2026. Revenue was revised downward from \20.769 billion to \15.048 billion (down 19.2% year-on-year), and operating profit was lowered from \8.323 billion to \4.368 billion (down 47.2% year-on-year). The revision was attributed to the scale of infectious disease outbreaks during the third quarter (January-March) being smaller than initially anticipated. This news has been viewed as a negative factor for the stock.
Source: MINKABU PRESS
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