Twinbird Corporation (TSE:6897) revised its earnings forecast for the fiscal year ending February 2026, citing a sharp decline in home appliance sales and deteriorating profitability.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 10.5bn | JPY 9.00bn | -14.3% |
| Operating Profit | JPY 150M | △855 | — |
| Ordinary Income | JPY 120M | △896 | — |
| Net Profit | JPY 100M | △1218 | — |
| EPS | — | — | — |
The company cited intensified competition in the home appliance market, particularly a sharp drop in sales of home refrigerators and washing machines, as the primary reason for the downward revision. A significant decline in revenue, combined with increased inventory holding costs, led to a substantial drop in operating profit. Twinbird also noted a sharp deterioration in profitability for certain businesses, prompting a decision to scale back operations and record one-time losses, including product write-offs, inventory valuation losses, and fixed asset impairment charges.
The revised forecast reflects the impact of declining sales and profitability, with the company acknowledging the need for structural reforms and cost-cutting measures to improve future performance. Investors should note that the adjustments include both operational and accounting items, which may affect the interpretation of financial results. The company has not provided specific guidance on when profitability may recover, but the revisions suggest a challenging outlook for the near term.
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.