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Miyakoshi Holdings, Inc. ( (JP:6620) ) has issued an announcement.
Miyakoshi Holdings, Inc. reported that it has recorded a bad debt expense of 944 million yen as a non-operating expense in the fourth quarter of the fiscal year ended March 31, 2026, related to loans and other receivables held by a subsidiary after a prudent assessment of recoverability. This accounting decision led ordinary profit and profit attributable to owners of parent to fall substantially short of the company’s previously announced full-year forecasts, underscoring heightened credit risk within the group and weighing on near-term earnings, even as non-consolidated results showed year-on-year gains in ordinary profit and net income.
The company’s actual full-year non-consolidated operating revenue for fiscal 2026 was roughly in line with guidance at 391 million yen, but ordinary profit swung to a loss of 839 million yen and profit attributable to owners of parent widened to a loss of 1,937 million yen versus the forecasted 70 million yen in ordinary profit and 1,000 million yen in loss, with earnings per share nearly doubling in negative value. Compared with the previous fiscal year’s non-consolidated figures, however, Miyakoshi Holdings posted flat operating revenue of 94 million yen but sharply higher ordinary profit of 138 million yen and net income of 114 million yen, indicating that while the one-off bad debt charge distorted forecast comparisons, underlying non-consolidated profitability improved year on year.
More about Miyakoshi Holdings, Inc.
Miyakoshi Holdings, Inc., listed on the Tokyo Stock Exchange Prime Market under securities code 6620, operates in the industrial and electronic equipment sector. The company oversees a group structure in which it extends loans and holds other receivables to and from its subsidiaries, exposing it to credit risk within its internal financing and group operations.
Average Trading Volume: 162,007
Technical Sentiment Signal: Sell
Current Market Cap: Yen25.97B
For an in-depth examination of 6620 stock, go to TipRanks’ Overview page.