CVS Bay Area Inc.
Notice of Revision to Earnings Guidance
Revised the cumulative and full-year earnings guidance for the fiscal year ending February 2027. Consolidated net sales have been revised to 4,024 million yen, operating income to 77 million yen, ordinary income to 81 million yen, interim net income attributable to owners of parent to 62 million yen, and interim net income per share to 12.63 yen. The main causes are increased personnel and advertising expenses and rising raw material and energy costs. Demand is expected to continue expanding to some degree, but adverse weather and high prices will continue to have an impact. The outlook from the third quarter onward is assumed to follow the beginning-of-period forecast. Apartment front services and cleaning are in line with the initial forecast.
Key Figures
- Consolidated Total Operating Revenue: 4,024 million yen→vs. previous forecast +66
- Consolidated Operating Income: 77 million yen→vs. previous forecast -106
- Consolidated Ordinary Income: 81 million yen→vs. previous forecast -126
- Interim Net Income Attributable to Owners of Parent: 62 million yen→vs. previous forecast -80
- Interim Net Income per Share: 12.63 yen→vs. previous forecast -? (previous=28.79 yen, difference equivalent to -16.16 yen)
- Full Year Total Operating Revenue: 8,159 million yen→vs. previous forecast +65
- Full Year Operating Income: 309 million yen→vs. previous forecast -105
- Full Year Ordinary Income: 238 million yen→vs. previous forecast -126
- Full Year Net Income Attributable to Owners of Parent: 165 million yen→vs. previous forecast -80
- Full Year Net Income per Share: 33.61 yen→vs. previous forecast -16.83
AI要約
Summary of Revision to Earnings Guidance
This report revises the earnings guidance published on April 13, 2026, updating the consolidated cumulative and full-year earnings guidance for the fiscal year ending February 2027. On a non-consolidated basis, the convenience store and other businesses performed steadily, while the hotel business saw increases in sales and guest numbers driven by rising demand and inbound recovery. However, persistently high raw material and energy costs, together with increased personnel and advertising expenses, caused expenses to exceed plans and profits to fall short of initial projections. Although demand is expected to expand from the third quarter onward, adverse weather and high prices continue to weigh on personal consumption and remain factors of concern.
Outlook and Points of Caution
Adverse weather and persistently high prices may continue to exert downward pressure on performance; overall results are expected to progress in line with the beginning-of-period forecast. Leisure and accommodation demand is anticipated to continue expanding, and apartment front services and cleaning are noted to be proceeding roughly in line with initial forecasts. There remains a risk of further revisions depending on cost and SG&A expense trends.
CVS Bay Area Inc.
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