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MORITA HOLDINGS drops sharply to new year-to-date low on 6% operating profit decline forecast for FY March 2027
MORITA HOLDINGS CORPORATION <6455> fell sharply for the first time in three days, hitting a new year-to-date low. After the close of trading on the 28th, the company disclosed its full-year earnings forecast for the fiscal year ending March 2027 along with its consolidated financial results for the fiscal year ended March 2026. The company projected sales of 115.5 billion yen (down 0.9% year-on-year), operating profit of 14.5 billion yen (down 6.2%), and net profit of 9.7 billion yen (up 2.6%), with selling pressure emerging in response to the anticipated decline in operating profit. For the fiscal year ended March 2026, sales totaled 116.596 billion yen (up 4.3% year-on-year), operating profit reached 15.456 billion yen (up 12.5%), and net profit came in at 9.456 billion yen (down 0.2%). While domestic sales in the core fire truck business progressed steadily, net profit declined due to the absence of gains on sales of investment securities recorded in the previous fiscal year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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