GENDA shares plunge as North America weakness drives net loss in February-April quarter
GENDA Inc. <9166> shares fell sharply Thursday, slipping below the key 500.00 yen mark, after the firm reported a net loss for the first quarter ending January 2027.
Revenue rose 45.00% year-on-year to 49.72 billion yen, while the bottom line swung to a GAAP net loss of 752.00 million yen, compared with a net profit of 223.00 million yen in the prior-year period.
On a non-GAAP basis, adjusted EBITDA grew 8.00% year-on-year to 4.61 billion yen, while adjusted net profit declined 46.50% to 736.00 million yen. The deteriorating earnings momentum triggered a wave of selling.
The North American business missed its revenue targets due to cash collection burdens, while integration costs and upfront investments also weighed on profitability. Conversely, in the domestic market, the amusement operations outperformed expectations, while its karaoke and tourism businesses tracked in line with targets.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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