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Sumitomo Forestry reports a 38.5% decrease in operating profit for the first quarter, totaling 23.9 billion yen.
Sumitomo Forestry <1911> reported its consolidated financial results for the first quarter of the fiscal year ending December 2026, with revenue increasing by 4% year-on-year to 532.063 billion yen and operating income declining by 38.5% to 23.905 billion yen. In the overseas housing business, the Australian single-family home market performed well, leading to an increase in the number of units sold. Meanwhile, in the U.S. single-family home market, high mortgage interest rates and economic uncertainty continued to weigh on potential homebuyers, resulting in a decline in sales volume.
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Yamada HD has revised its operating profit forecast downward to 16.1 billion yen from 48.9 billion yen for the fiscal year ending March 26.
Yamada HD <9831> announced a revision to its earnings forecast for the fiscal year ending March 2026, lowering its operating income projection from 48.9 billion yen to 16.1 billion yen. Although sales have been impacted by factors such as delayed purchases of certain home appliances due to rising prices, revenue is expected to remain at approximately the previously forecasted level. This outlook is supported by strong performance in information technology products such as personal computers and mobile phones, along with increased sales in the housing construction segment. On the profitability side, with an aim to further strengthen its earnings structure from the next fiscal year onward, the company has taken steps in the fourth quarter.
Zig-Zag: Transcription of the Financial Results Presentation Materials for the Third Quarter of the Fiscal Year Ending May 2026