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Revision of earnings forecasts3409KITABO CO.,LTDMaterials and Chemicals

Notice Regarding Differences Between Consolidated Earnings Forecasts and Actual Results for the Fiscal Year Ending March 2026

Actual results for the full fiscal year ending March 2026 were below the consolidated forecasts announced on 14 May 2025. Revenue decreased by ¥496 million, while operating income, ordinary income and net income attributable to owners of the parent fell from forecast profits into losses.

Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-496
¥ million
Wording
Definitive
How definitive the wording is.

Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 14 May 2025
Net Sales2,002→1,506million
-24.7%
Operating profit17→-137million
-905.9%
Ordinary income23→-131million
-669.6%
Profit attributable to owners of the parent16→-135million
-943.8%
Net income per share0.32→-4.88yen
-1,625.0%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

In the Spinning Business, orders declined due to the end of major product orders for aramid fiber products used in protective clothing and other factors. In the Environmental Business, revenue fell below forecast because progress on sales projects involving equipment for recycling unused biomass was delayed. In the Crypto Management Business, losses on the valuation of crypto assets and other items were recorded in revenue following the decline in the price of bitcoin from the third quarter onward, causing operating income, ordinary income and net income attributable to owners of the parent to fall below forecast.

Previous-period resultsRevenue ¥1,631 million, operating loss ¥49 million, ordinary loss ¥50 million, net loss attributable to owners of the parent ¥55 million, net loss per share ¥2.56
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥2,002 million → ¥1,506 million(-24.7%)
Operating profit¥17 million → ¥-137 million
Ordinary income¥23 million → ¥-131 million
Profit attributable to owners of the parent¥16 million → ¥-135 million
Net income per share0.32 yen → -4.88 yen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast14 May 2025
Previous-period resultsRevenue ¥1,631 million, operating loss ¥49 million, ordinary loss ¥50 million, net loss attributable to owners of the parent ¥55 million, net loss per share ¥2.56
Reason for the revisionIn the Spinning Business, orders declined due to the end of major product orders for aramid fiber products used in protective clothing and other factors. In the Environmental Business, revenue fell below forecast because progress on sales projects involving equipment for recycling unused biomass was delayed. In the Crypto Management Business, losses on the valuation of crypto assets and other items were recorded in revenue following the decline in the price of bitcoin from the third quarter onward, causing operating income, ordinary income and net income attributable to owners of the parent to fall below forecast.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend forecast revision

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the Spinning Business, orders declined because major product orders for the Company's core aramid fiber products used in protective clothing came to an end. In the Environmental Business, progress on a product sales project involving equipment for recycling unused biomass was delayed, resulting in revenue falling below forecast. In addition, in the Crypto Management Business, the recording of losses on the valuation of crypto assets and other items in revenue, following the decline in the price of bitcoin from the third quarter onward, contributed to the downside in profit.

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Notice Regarding Differences Between Consolidated Earnings Forecasts and Actual Results for the Fiscal Year Ending March 2026 | KITABO CO.,LTD (3409) timely disclosure | Komori