Local Co. (470A), a food e-commerce company listed on the TOKYO PRO Market, on Oct. 13 withdrew its forecast for the year ending February 2027, which had called for net profit of ¥280 million, after reporting a first-half net loss of ¥296 million on sales down 12.8% to ¥3.15 billion.
For the six months to Aug. 31, Local posted an operating loss of ¥427 million and an ordinary loss of ¥453 million, compared with operating profit of ¥210 million, ordinary profit of ¥199 million and net profit of ¥130 million a year earlier. The net loss per share was ¥74.05.
The forecast, issued April 14, had projected sales of ¥10.309 billion, operating profit of ¥436 million and earnings per share of ¥70.09. The company said changes in the rice sales environment pushed first-half results below plan, making the original targets likely unattainable, while uncertainty over rice supply and demand, sales volumes, unit prices and the sell-down of inventory prevents it from reasonably calculating a revised figure. It also cited falling market rice prices as supply eased, an earthquake in Kumamoto Prefecture that affected procurement, and an October 2025 change to the furusato nozei hometown tax donation system that has concentrated donations in December.
Net assets fell to ¥154 million at the end of August from ¥471 million at the previous fiscal year-end, cutting the equity ratio to 3.8% from 8.8%. Total assets shrank to ¥3.926 billion from ¥5.319 billion, with raw materials and supplies down ¥835 million and cash and deposits down ¥651 million, while short-term borrowings fell ¥938 million. The interim dividend was zero; the company said its dividend forecast was revised and left the year-end forecast blank.
Next steps: Local plans to submit its interim issuer information on Nov. 30, 2026, and said it will announce a full-year forecast promptly once a reasonable estimate becomes possible.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
Summaries of public disclosures by Japanese listed companies. Not investment advice; accuracy not guaranteed. Figures and dates in the TDnet originals prevail.
本站內容為日本上市公司公開開示之摘要整理，非投資建議，亦不保證正確。數字與日程以 TDnet 原文為準。
本サイトは日本の上場企業の適時開示を要約したものであり、投資助言ではありません。正確性は保証しません。数値・日程は TDnet の原文が優先します。