Kintetsu World Express, Inc. revised earnings guidance for the year ending March 31, 2020. The company expects net sales of JPY 545,000 million compared to previous guidance of JPY 545,000 million; operating income of JPY 18,500 million compared to previous guidance of JPY 18,500 million; net income attributable to owners of the parent of JPY 2,500 million compared to previous guidance of JPY 7,000 million; and net income per share of JPY 34.75 compared to previous guidance of JPY 97.30.

The company expect to record an impairment loss on software (extraordinary loss) of JPY 4,426 million for the fiscal year ending March 31, 2020.