Asterisk opens with sell-only bids after reversing to net loss in FY8/2026 forecast
Asterisk Inc. <6522> opened with sell-only orders on the exchange.
After the market close on Aug. 31, Asterisk revised down its full-year consolidated earnings forecast for the fiscal year ending Aug. 2026, lowering its sales guidance to 1.45 billion yen from 2.291 billion yen (down 13.0% year-on-year) and revising its net income forecast to a loss of 330 million yen from a profit of 65 million yen (compared with a loss of 182 million yen in the previous fiscal year). The shift to a net loss triggered heavy selling.
The downgrade stems from delayed revenue recognition on a major project at its U.S. subsidiary due to ongoing adjustments with a client. Delays in domestic contracts also weighed on earnings. Asterisk also factored in valuation losses on investment securities.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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