Meitec Group Revises Down Profit Forecast for Fiscal H1

MT Newswires Live
Sep 29

Meitec Group (TYO:9744) expects to record an extraordinary loss of about 3 billion yen after suspending the use of certain training and other facilities at its registered head office in Atsugi, Kanagawa, according to a Tokyo bourse filing on Tuesday.

The company said it has revised interim profit attributable to owners of the parent in the six months ending Sept. 30 downwards to 3.9 billion yen, from the previous forecast of 6.5 billion yen.

The net sales estimates were revised downwards to 68.8 billion yen from 69.5 billion yen due to lower-than-forecast working hours.

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