Sanyo Shokai announced on the 6th that its consolidated interim results for the fiscal year ending February 2027, covering the March-to-August period, showed a net loss of 555 million yen. The year-earlier period posted a loss of 299 million yen, and the shortfall widened beyond the company's previous forecast of a 480 million yen loss. Unseasonable weather persisted in June, late in the spring-summer selling season, weighing on the market as a whole, and weak sales of full-price merchandise left the company's June revenue at only 90 percent of the year-earlier level. From July onward it pushed sales at regular prices and curbed discount selling, but could not make up for the slump through June. In August the company had revised its interim net income forecast down from a 400 million yen profit to a 480 million yen loss. It left its consolidated full-year forecast for the fiscal year ending February 2027 unchanged.
Sanyo Shokai Ltd.Interim net loss widened to 555 million yen, missing the prior 480 million yen loss forecast, with full-year forecast unchanged.
