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Revision of earnings forecasts3611MATSUOKA CORPORATIONMaterials and Chemicals

Notice Regarding Differences Between Earnings Forecasts and Actual Results

Comparison of the consolidated results for the fiscal year ending March 2026 with the forecast announced on 13 May 2025 showed that net sales were broadly in line with the forecast. Operating profit was below forecast, while ordinary profit and net income attributable to owners of the parent were above forecast.

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Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 13 May 2025
Net Sales74,000→74,251million
+0.3%
Operating profit2,500→2,174million
-13.0%
Ordinary income4,700→5,391million
+14.7%
Profit attributable to owners of the parent3,000→3,117million
+3.9%
Net income per share287.42→298.12yen and sen
+3.7%

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

Operating profit was below forecast because the yen-denominated cost of overseas factories increased as a result of the yen's depreciation beyond expectations. Ordinary profit was above forecast due to the effect of hedging foreign exchange fluctuation risk and an increase in foreign exchange gains from the remeasurement of dollar-denominated assets and other items. Net income was above forecast because the increase in ordinary profit outweighed the impairment loss recognized.

Details and amount of extraordinary loss

Impairment loss recognized as an extraordinary loss; amount: Not disclosed

Previous-period resultsNet sales ¥70,579 million, operating profit ¥433 million, ordinary profit ¥4,199 million, net income attributable to owners of the parent ¥2,600 million, earnings per share ¥259.47
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥74,000 million → ¥74,251 million(+0.3%)
Operating profit¥2,500 million → ¥2,174 million(-13.0%)
Ordinary income¥4,700 million → ¥5,391 million(+14.7%)
Profit attributable to owners of the parent¥3,000 million → ¥3,117 million(+3.9%)
Net income per share287.42 yen and sen → 298.12 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast13 May 2025
Previous-period resultsNet sales ¥70,579 million, operating profit ¥433 million, ordinary profit ¥4,199 million, net income attributable to owners of the parent ¥2,600 million, earnings per share ¥259.47
Reason for the revisionOperating profit was below forecast because the yen-denominated cost of overseas factories increased as a result of the yen's depreciation beyond expectations. Ordinary profit was above forecast due to the effect of hedging foreign exchange fluctuation risk and an increase in foreign exchange gains from the remeasurement of dollar-denominated assets and other items. Net income was above forecast because the increase in ordinary profit outweighed the impairment loss recognized.
Details and amount of extraordinary lossImpairment loss recognized as an extraordinary loss; amount: Not disclosed
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Dividend 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.

Operating profit was below forecast because the yen's depreciation beyond expectations in the latter half of the fiscal year increased the yen-denominated cost of overseas factories. Ordinary profit was above forecast due to an increase in foreign exchange gains from hedging foreign exchange fluctuation risk with certain business partners and the remeasurement of dollar-denominated assets and other items. Net income was above forecast because the increase in ordinary profit outweighed the impairment loss recognized.

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Notice Regarding Differences Between Earnings Forecasts and Actual Results | MATSUOKA CORPORATION (3611) timely disclosure | Komori