No category-specific facts could be extracted from this document.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.For the fiscal year ending March 2026, lower sales, particularly to North America, an unfavorable product mix, higher material prices and higher fixed costs weighed on profit. These effects were partially offset by the weaker yen, lower depreciation expense due to delays in aggressive investment under the medium-term management plan, lower expenses and cost improvements. For the fiscal year ending March 2027, unexpectedly higher raw material costs due to the situation in the Middle East and large-scale investment are the main factors expected to reduce profit.