MEC Company Ltd. revised earnings guidance for the six months ending June 30, 2023 and for the fiscal year ending December 31, 2023. For six months, the company expected net sales to be JPY 6,000 million, down from the previous guidance of JPY 6,500 million. Operating income to be JPY 450 million, down from the previous guidance of JPY 800 million. Profit for quarter attributable to owners of parent to be JPY 300 million, down from the previous guidance of JPY 600 million. Net income per share for quarter to be JPY 15.85, down from the previous guidance of JPY 31.56.

For the year, the company expected net sales to be JPY 13,500 million, down from the previous guidance of JPY 15,000 million. Operating income to be JPY 1,800 million, down from the previous guidance of JPY 3,000 million. Profit for quarter attributable to owners of parent to be JPY 1,350 million, down from the previous guidance of JPY 2,200 million. Net income per share for quarter to be JPY 71.71, down from the previous guidance of JPY 115.72.