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Flight Solutions misses FY03/2026 earnings forecast
FLIGHT SOLUTIONS Inc. <3753> announced after the close of trading that its non-consolidated results for the fiscal year ending March 2026, currently being compiled, are expected to fall short of previous forecasts. Revenue is projected at 2,930,000,000 yen, down 4.3% year-on-year, compared to the previous forecast of 3,700,000,000 yen. Operating loss is expected to reach 260,000,000 yen, compared to a loss of 298,000,000 yen in the previous fiscal year and a previously forecast profit of 50,000,000 yen. Net loss is projected at 290,000,000 yen, compared to a loss of 382,000,000 yen in the previous fiscal year and a previously forecast profit of 10,000,000 yen.
The company attributed the shortfall to delays in its payment solutions business. For a large-scale project carried over from the previous fiscal year, a change in the distribution channel between the end user and sales agent just before delivery for a portion of the order volume delayed ordering procedures, pushing the delivery date into the fiscal year ending March 2027.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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