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Revision of earnings forecasts3591WACOAL HOLDINGS CORP.Materials and Chemicals

Notice of Differences Between the Consolidated Financial Forecast and Results for the Cumulative Fiscal Year Ending March 2026 (IFRS)

Compared with the previous forecast, consolidated results for the fiscal year ending March 2026 were ¥2,290 million below forecast for revenue and ¥323 million below forecast for operating profit, while profit for the year attributable to owners of the parent was ¥924 million above forecast. The year-end dividend forecast remains unchanged at ¥50 per share, for an annual dividend of ¥100 per share.

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Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 12 November 2025
Net Sales173,800→171,510million
-1.3%
Operating profit20,200→19,877million
-1.6%
Profit attributable to owners of the parent12,200→13,124million
+7.6%
Net income per share239.69→261.65yen and sen
+9.2%

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

Although revenue fell below plan due to sluggish sales of women's intimate apparel and other products in major countries, business profit improved due to reductions in selling, general and administrative expenses and the reduced impact of tariffs. In light of slowing growth in core channels and pressure on profit margins from higher selling, general and administrative expenses due to U.S. tariffs and inflation, the value in use of goodwill associated with Wacoal Europe was reassessed and an impairment loss on goodwill was recorded.

Details and amount of extraordinary loss

An impairment loss on goodwill associated with Wacoal Europe was recorded. Amount: not disclosed.

Previous-period resultsFiscal year ended March 2025: revenue of ¥173,896 million, business profit of -¥3,437 million, operating profit of ¥3,288 million, profit before tax of ¥5,680 million, profit for the year attributable to owners of the parent of ¥7,218 million, and basic earnings per share of ¥133.90
Dividend forecast revisionNo change. Interim dividend: ¥50 per share; expected year-end dividend: ¥50 per share; expected annual dividend: ¥100 per share.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥173,800 million → ¥171,510 million(-1.3%)
Operating profit¥20,200 million → ¥19,877 million(-1.6%)
Profit attributable to owners of the parent¥12,200 million → ¥13,124 million(+7.6%)
Net income per share239.69 yen and sen → 261.65 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast12 November 2025
Previous-period resultsFiscal year ended March 2025: revenue of ¥173,896 million, business profit of -¥3,437 million, operating profit of ¥3,288 million, profit before tax of ¥5,680 million, profit for the year attributable to owners of the parent of ¥7,218 million, and basic earnings per share of ¥133.90
Reason for the revisionAlthough revenue fell below plan due to sluggish sales of women's intimate apparel and other products in major countries, business profit improved due to reductions in selling, general and administrative expenses and the reduced impact of tariffs. In light of slowing growth in core channels and pressure on profit margins from higher selling, general and administrative expenses due to U.S. tariffs and inflation, the value in use of goodwill associated with Wacoal Europe was reassessed and an impairment loss on goodwill was recorded.
Details and amount of extraordinary lossAn impairment loss on goodwill associated with Wacoal Europe was recorded. Amount: not disclosed.
Dividend forecast revisionNo change. Interim dividend: ¥50 per share; expected year-end dividend: ¥50 per share; expected annual dividend: ¥100 per share.
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Ordinary income

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.

Sales of women's intimate apparel and other products stagnated in major countries, causing revenue to fall below plan. Business profit improved due to reductions in selling, general and administrative expenses and the reduced impact of tariffs. However, in light of slowing growth in core channels and higher selling, general and administrative expenses due to U.S. tariffs and inflation, an impairment loss on goodwill associated with Wacoal Europe was recorded.

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Notice of Differences Between the Consolidated Financial Forecast and Results for the Cumulative Fiscal Year Ending March 2026 (IFRS) | WACOAL HOLDINGS CORP. (3591) timely disclosure | Komori