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Koshidaka Holdings shares tumble to year-to-date low following profit warning
Koshidaka Holdings Co., Ltd. <2157> fell sharply, hitting a new year-to-date low. After the close of trading on April 10, the company announced it had revised downward its consolidated earnings forecast for the fiscal year ending August 2026, lowering its revenue projection from 82.544 billion yen to 82.046 billion yen (up 18.2% year-on-year) and operating profit from 12.966 billion yen to 11.831 billion yen (up 3.8% year-on-year). The downward revision was attributed to first-half results falling short of expectations. This news has weighed on the stock.
The company also announced its first-half results, reporting revenue of 38.932 billion yen (up 14.5% year-on-year) and operating profit of 5.004 billion yen (down 2.1% year-on-year). While aggressive store openings contributed positively, Koshidaka was impacted by renewal investments at existing stores, rent revisions, and increased various other expenses.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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