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The latest update is out from Miyakoshi Holdings, Inc. ( (JP:6620) ).
Miyakoshi Holdings reported a sharp downturn for the fiscal year ended March 31, 2026, with operating revenue falling 62% year on year to ¥391 million and swinging to an operating loss of ¥333 million and a net loss of ¥1,937 million. Return on equity dropped to negative 7.6% and basic earnings per share fell to a loss of ¥48.42, though the company’s equity ratio remained high at 92.5% and cash and cash equivalents increased to ¥5,485 million, supported by strong investing cash inflows.
The company maintained its policy of paying no dividends for fiscal 2026 and is also forecasting no dividends for fiscal 2027, signaling a focus on capital preservation amid weak profitability. For the year ending March 31, 2027, Miyakoshi projects a rebound in operating revenue to ¥2 billion but still expects to post an operating loss of ¥700 million and a net loss of ¥345 million, suggesting that a full earnings recovery may take time and that shareholders face continued earnings and income pressure in the near term.
More about Miyakoshi Holdings, Inc.
Miyakoshi Holdings, Inc., listed on the Tokyo Stock Exchange under securities code 6620, operates in Japan and reports under Japanese GAAP. While the specific business lines are not detailed in the release, the company maintains a strong equity ratio above 90%, indicating a relatively solid balance sheet despite recent earnings volatility.
Average Trading Volume: 162,007
Technical Sentiment Signal: Sell
Current Market Cap: Yen25.97B
See more insights into 6620 stock on TipRanks’ Stock Analysis page.