LIHIT LAB extends losses after lowering profit forecast for FY2/2027
LIHIT LAB., INC. <7975> fell for a second straight session after revising down its consolidated earnings forecast for the fiscal year ending February 2027 after the close on Oct. 1. Operating profit was cut from 230 million yen to 80 million yen (2.2 times the year-earlier level), and net profit was lowered from 200 million yen to 80 million yen (up 19.4% year-on-year), weighing on investor sentiment.
While LIHIT LAB. maintained its revenue forecast of 9.35 billion yen (up 2.5% year-on-year), first-half production costs rose more than expected due to high raw material prices stemming from Middle East tensions and ongoing yen weakness.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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