Brass Co., Ltd. Revises Earnings Forecast Downward — Operating Profit Falls 24.9%
Brass Co., Ltd. (TSE:24240), a wedding ceremony and event venue operator, has revised its full-year earnings forecast for the fiscal period ending July 2026 downward.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 14,594M | JPY 14,433M | ▲JPY 160M (▲1.1%) |
| Operating Profit | JPY 773M | JPY 580M | ▲JPY 192M (▲24.9%) |
| Ordinary Income | JPY 780M | JPY 526M | ▲JPY 253M (▲32.5%) |
| Net Profit | JPY 468M | JPY 315M | ▲JPY 152M (▲32.5%) |
| EPS | JPY 88.02 | JPY 59.41 | ▲JPY 28.61 (▲32.5%) |
The company attributed the revision to lower-than-expected wedding ceremony bookings at its new Tokyo branch, combined with higher labour, equipment, and new venue setup costs. Per-ceremony pricing held up, but volume shortfalls drove the revenue miss while cost overruns compressed margins significantly.
The revised forecast indicates a deterioration in full-year performance compared to initial expectations, driven by temporary costs from new store openings and rising expenses. Investors are advised to consider these investments as necessary for long-term growth.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.