135 listed companies lower their earnings forecasts due to spread of infection March 27 20:31
Due to the spread of the new coronavirus, the decline in the performance of Japanese companies is becoming clearer. Of the listed companies, 135 companies had reduced earnings forecasts by the 27th.
According to a summary of research firm Tokyo Shoko Research, 135 companies listed on the Tokyo Stock Exchange and other companies by noon on March 27 cited the effects of the spread of the new coronavirus in the March quarter. We have revised down our earnings forecasts.
The main reason was the loss caused by a decrease in production due to the shutdown of factories, a decline in sales, and a drop in crude oil prices due to sluggish demand.
When the downward revisions of each company are added up, the sales are 1.1 trillion yen, and the final profit and loss is 1.1117 trillion yen, which is lower than the initial forecast.
Above all, the sharp drop in crude oil prices has had a major impact, and major oil retailer JXTG Holdings has revised its net loss to ¥ 300 billion, while major trading company Marubeni has revised its net loss to ¥ 190 billion.
In addition, KNT-CT Holdings, which operates Kinki Nippon Tourist, reduced the final loss to a loss of 9.8 billion yen due to self-control of travel.
According to the research company, "Only a few companies have reflected the effects of the spread of infection on their business results, and downward revisions will be further increased in the future."