TYO:4936

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AXXZIA Reports 86% Drop in Fiscal Nine-Month Profit

AXXZIA (TYO:4936) reported a nearly 86% decline in attributable profit to 30.2 million yen for the first three quarters of the fiscal year ending July 31, from 211 million yen a year ago mainly due to weaker Chinese e-commerce sales.The company's basic earnings per share (EPS) fell to 1.32 yen from 8.99 yen a year ago, according to a stock exchange filing on June 12.Net sales fell 1.9% to 9.89 billion yen from 10.08 billion yen a year earlier.For the year ending July 31, the cosmetics manufacturer expects an attributable loss of 105 million yen, net sales of 13.50 billion yen, and a year-end dividend per share of 5 yen.

TYO:4936

Asia4h ago

Axxzia Cut Full-Year Earnings Forecasts Due to Weaker-Than-Expected Chinese Demand

Axxzia (TYO:4936) slashed its full-year forecast to an attributable loss of 105 million yen compared with a profit of 370 million yen previously, citing a sharper-than-expected slowdown in Chinese e-commerce sales.The company also cut its basic EPS estimate to a loss of 4.59 yen from earnings per share of 16.23 yen. while its net sales forecast was lowered to 13.5 billion yen from 14.4 billion yen initially, according to a Tokyo bourse filing on Thursday.Inbound store sales in Japan also underperformed due to fewer Chinese tourists, while subsidiary M&D faced sluggish cosmetics imports from price hikes linked to a weaker yen.Profit erosion worsened as high-margin Chinese e-commerce revenue declined, yet advertising and commission costs surged from intensified competition.

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