Cross Plus Inc.
Notice on Revisions to Consolidated Earnings Forecast for the Second Quarter of the Fiscal Year ending January 2027 and Full-Year Forecast
Lowered revised outlook for revenue and profits. For the second-quarter cumulative, net sales are 28,500 million yen from 29,500 million yen previously forecast; operating income 230 million yen from 600 million yen; ordinary income 350 million yen from 700 million yen; net income attributable to owners of parent 100 million yen from 550 million yen; basic earnings per share 13.39 yen from 73.99 yen. For the full year, net sales 61,000 million yen from 63,000 million yen; operating income 700 million yen from 1,400 million yen; ordinary income 900 million yen from 1,650 million yen; net income attributable to owners of parent 900 million yen from 1,450 million yen. Dividend forecast unchanged.
Key Figures
- Net sales for Q2 cumulative: 28,500 million yen
- Full-year net sales: 61,000 million yen
- Operating income (full year): 700 million yen
- Ordinary income (full year): 900 million yen
- Net income attributable to owners of parent (full year): 900 million yen
AI要約
Earnings Outlook Revision
This material indicates a downward revision of the consolidated earnings forecast for the second-quarter cumulative and full year of the fiscal year ending January 2027. For the second-quarter cumulative, net sales decrease by 1,000 million yen, operating income by 370 million yen, ordinary income by 350 million yen, and net income attributable to owners of parent by 450 million yen, with earnings per share dropping significantly. For the full-year forecast, net sales are revised to 61,000 million yen from 63,000 million yen, and operating income to 700 million yen from 1,400 million yen, among others. Continued impact from a weak yen and high price levels; primary pressure from apparel wholesale profits.
Outlook and Dividends
Dividend forecast remains unchanged at this time. Effects from Charter's consolidation as a subsidiary exist, but overall profit outlook remains challenging. Along with pursuing capital efficiency in line with the medium-term management plan, a review of assets and recognition of extraordinary profits are anticipated. Key risks going forward include trends in raw material costs and the recovery of retail and e-commerce.
Cross Plus Co., Ltd.
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