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Sekido swings to ¥290 million full-year loss forecast after weak first half

Wed, Nov 04, 2026 15:30 JST Sekido Co., Ltd. (9878.T) Retail 中文

Sekido Co., Ltd. (9878) cut its full-year net forecast to a loss of ¥290 million from a ¥2 million profit after first-half sales of ¥2,196 million fell ¥824 million short of its earlier projection.

FY net income forecast¥290 million loss (prev. ¥2 million profit)
FY sales forecast¥6,726 million (prev. ¥7,550 million)
H1 sales¥2,196 million (down 22.6%)
H1 net loss¥479 million

Sales for the six months through Sept. 20 fell 22.6% from a year earlier to ¥2,196 million, below the company's May 7 forecast of ¥3,020 million. The operating loss widened to ¥437 million from ¥244 million, and the net loss grew to ¥479 million from ¥293 million, or ¥148.58 per share.

Sekido said its beauty business was still clearing out discontinued brands, delaying the rollout of its own and new brands, while its fashion store operations struggled to sell higher-priced items such as watches and bags. Upfront branding costs for its own brand also weighed on profit.

The full-year revision for the year ending March 20, 2027, reflects only the first-half shortfall:

ItemPreviousRevised
Sales¥7,550 million¥6,726 million
Operating profit¥85 million¥207 million loss
Recurring profit¥22 million¥265 million loss
Net income¥2 million¥290 million loss

By segment, fashion sales fell 6.8% to ¥1,683 million with a segment loss of ¥99 million, and beauty sales dropped 60.4% to ¥359 million with a segment loss of ¥145 million. Outside sales rose 31.2% to ¥134 million.

Net assets stood at negative ¥321 million as of Sept. 20, compared with ¥45 million at the end of the previous fiscal year, for an equity ratio of negative 8.7%. Sekido kept its interim and full-year dividend forecasts at zero.


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