Gyet Co., Ltd.
Notice Regarding Revision of Consolidated Earnings Forecast for the Second Quarter (Accumulated) and Full Year for the Fiscal Year Ending February 2027
Net sales revised to 18,000 million yen for the full year (previously 20,300 million yen), operating income -1,730 million yen, ordinary income -1,600 million yen, net income attributable to owners of the parent -1,180 million yen, and earnings per share -1.52 yen. First-quarter results: net sales 4,023 million yen, operating loss 483 million yen, ordinary loss 387 million yen, net income 200 million yen. Going forward, the company will continue to consolidate unprofitable stores and review selling, general and administrative expenses, but expects profits to improve only modestly in the second half.
Key Figures
- Net sales: 18,000 million yen (for the full year)
- Operating income: △1,730 million yen
- Ordinary income: △1,600 million yen
- Net income attributable to owners of the parent: △1,180 million yen
AI要約
Section Heading
The background for revising the earnings guidance for the second quarter of the fiscal year ending February 2027 and full year includes a substantial miss in the first-quarter results. Primary factors are weakness in the core apparel and lifestyle business, delays in contributions from new businesses such as procurement and AI-related ventures, and changes in the handling of cryptocurrency-related revenue. Additionally, the second quarter did not show improvements in sales or profits, and improvements in the second half are expected to be limited. As a result, full-year guidance was lowered, and a substantial improvement in profits is not anticipated.
Second Section Heading
While continuing to streamline unprofitable stores and optimize SG&A expenses, the impact of store reduction is expected to persist. Progress in new businesses is present, but the second half is anticipated to contribute only modestly to profits, and recognition of cryptocurrency-related revenue in net sales and gross profit will be postponed. Further improvement measures will be implemented, but at this point a second-half operating loss is anticipated.
GEIT Inc.
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