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Pasona Group shares fall sharply for a fifth straight session as company swings to net loss forecast for fiscal 2026
Shares of Pasona Group Inc. <2168> fell sharply for a fifth straight session, hitting a new year-to-date low. Following the market close on the 14th, the company announced a downward revision to its consolidated earnings forecast for the fiscal year ending May 2026. The company lowered its revenue projection to 310 billion yen from 330 billion yen (up 0.2% year-on-year), operating profit to 500 million yen from 2.5 billion yen (compared with an operating loss of 1.237 billion yen in the previous year), and swung its net profit forecast to a loss of 1.8 billion yen from a projected profit of 500 million yen (compared with a net loss of 8.658 billion yen in the previous year).
The downgrade reflects a temporary drop in operational efficiency during the first half, driven by an internal system overhaul in the HR placement business. Furthermore, third-quarter staff turnover dragged down productivity, causing expected contract numbers to miss initial targets. Delays in launching a new gaming business and a slower-than-expected ramp-up of new facilities also weighed on the outlook.
Separately, Pasona's nine-month results through February showed revenue of 229.47 billion yen (up 0.2% year-on-year), an operating loss of 1.329 billion yen (compared with a 1.28 billion yen loss a year earlier), and a net loss of 1.893 billion yen (compared with a 6.163 billion yen loss a year earlier).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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