Cados Corporation shares turn negative in afternoon trade after downward revision to fiscal July 2026 earnings forecast
Cados Corporation <211A> shares turned negative in afternoon trading today after the company slashed its standalone full-year guidance around 2:00 p.m.
The company cut its full-year revenue forecast to 6 billion yen (down 20.9% year-on-year) from 7.8 billion yen, operating profit to 480 million yen (down 48.8%) from 990 million yen, and net profit to 320 million yen (down 51.4%) from 675 million yen, triggering immediate selling pressure. Cados blamed slower-than-expected construction progress driven by delayed project start dates, noting that its fixed-cost reduction efforts were insufficient to offset the top-line decline.
Simultaneously, Cados reported nine-month cumulative results for the August-April period, with revenue falling 30.2% year-on-year to 3.903 billion yen. Nine-month operating profit plummeted 64.6% to 258 million yen and net profit dropped 65.2% to 179 million yen, severely weighed down by a diminished opening order backlog and postponed construction timelines.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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