FIXER shares extend sharp decline after company reports wider-than-expected loss for FY August 2026
Shares of FIXER Inc. <5129> continued to fall after announcing after market close on the 1st that its consolidated financial results for the fiscal year ending August 2026 are expected to miss previous forecasts, with losses widening.
Net sales are expected at 3.135 billion yen (down 21.2% year-on-year), missing earlier guidance of 4.348 billion yen. Operating loss is projected to widen to 2.438 billion yen, compared with a previously forecast loss of 1.546 billion yen and a prior-year loss of 1.729 billion yen. Net loss is expected at 2.476 billion yen, versus an earlier projection of 1.566 billion yen and a prior-year loss of 2.117 billion yen.
The shortfall was attributed to delays in building a sales structure for its on-premise generative AI service Sovereign GaiXer, slower commercialization of GaiXer Medical Agent at joint venture Medical AI Solutions, and missed order targets in project-based services.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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