Axelspace Holdings Corp.

After the market close, several companies including Furuno Electric, Hoden Seimitsu, Axelspace, and Alpha announced earnings revisions. Furuno Electric raised its interim ordinary profit for the February-ending fiscal year by 37%, from 10 billion yen to 13.7 billion yen, while Hoden Seimitsu lifted its net profit for the February-ending year by 33%, from 866 million yen to 1.151 billion yen. On the other hand, Axelspace cut its net loss forecast for the May-ending fiscal year to a loss of 3.65 billion yen from a loss of 240 million yen, a change of minus 1421%. Alpha lowered its net profit for the August-ending fiscal year by 75%, from 130 million yen to 32 million yen, and TWOSTONE reduced its operating profit for the August-ending year by 39%, from 1.324 billion yen to 810 million yen. Value Creation revised up its interim net profit for the March-ending fiscal year by 85%, from 65 million yen to 120 million yen.