BlueMeme Inc. hits daily limit up as market shrugs off downward revision to fiscal March 2026 results
Shares of BlueMeme Inc. <4069> hit their daily limit high of 1,033 yen on Friday, driven by relief buying after the company released its financial results post-close on Thursday, May 28. Although BlueMeme revised down its consolidated earnings for the fiscal year ended March 2026, the announcement cleared severe market anxieties. Net sales were lowered to 3.299 billion yen (up 40.4% year-on-year) from the previous estimate of 3.3 billion yen, while operating profit was cut to 125 million yen (5.0 times the prior year's level) from 150 million yen. Net income was adjusted to 83 million yen from 100 million yen, compared with a net loss of 17 million yen in the previous fiscal year. The stock had previously plunged after the company announced on May 13 a delay in its earnings release to investigate transactions requiring more careful accounting treatment from the fiscal year ended March 2020 through March 2026. BlueMeme attributed the earnings shortfall to margin pressures from aggressive engineer recruitment to support business expansion, a higher reliance on external contractors during new employee training, and rising recruitment costs.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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