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WITZ shares sink to daily limit-down as Q4 profit plunge offsets H1 gains
WITZ Corporation <4440> plunged during the afternoon session, hitting its daily limit-down at 1,160 yen. The company announced its consolidated results for the first half ended February at midday, showing sales of 2.618 billion yen (up 12.0% year-on-year), operating profit of 340 million yen (up 11.1%), and net profit of 249 million yen (up 10.9%). Despite the overall first-half growth, operating profit for the second quarter (December to February) fell 43.5% year-on-year, triggering a sell-off as market participants grew concerned over the recent quarterly trend.
Within the software segment, sales of automotive and industrial embedded technology remained solid, alongside growth in simulator, security, and safety technologies. In contrast, the sensing business was impacted by the postponement of specific large-scale X-ray transmission equipment projects originally slated for the first half. These deliveries are now expected in the third quarter or beyond.
For the full fiscal year ending August 2026, WITZ held its initial forecast steady, projecting sales of 5.6 billion yen (up 15.3% year-on-year), operating profit of 580 million yen (up 2.4%), and net profit of 435 million yen (up 2.5%).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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