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FLIGHT SOLUTIONS shares fall sharply after company revises March 2026 earnings forecast downward due to delayed delivery of major projects
FLIGHT SOLUTIONS Inc. <3753> shares continued to decline sharply. After the close of trading on the 23rd, the company announced that its standalone earnings results for the fiscal year ending March 2026, currently being compiled, are expected to fall short of initial forecasts. Revenue is now 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 income is expected to post a loss of 260,000,000 yen (versus a previous loss of 298,000,000 yen), compared to an earlier forecast of a 50,000,000 yen profit. Net income is projected at a loss of 290,000,000 yen (versus a previous loss of 382,000,000 yen), compared to a prior forecast of a 10,000,000 yen profit. This downward revision has negatively impacted investor sentiment.
The company attributed the shortfall to delays in its payment solution business. For certain volumes of large-scale orders that had been carried over from the previous fiscal year, a change in the distribution channel between the end user and sales agent occurred just before delivery, causing delays in ordering procedures. As a result, the delivery schedule has been pushed back to the fiscal year ending March 2027.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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