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Revision of earnings forecasts4251KEIWA IncorporatedMaterials and Chemicals

Notice Regarding Revisions to Full-Year Consolidated Earnings Forecast

The full-year consolidated earnings forecast for the fiscal year ending December 2026 has been revised downward. Net sales are expected to decrease by 10.1%, operating income by 35.5%, and net income attributable to owners of the parent by 32.7%.

Worth reading
70In focus
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
-35.5
%
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending December 2026 · Full yearPrevious forecast published 13 February 2026
Net Sales23,229→20,877million
-10.1%
Operating profit4,403→2,842million
-35.5%
Ordinary income4,407→2,968million
-32.7%
Profit attributable to owners of the parent3,052→2,055million
-32.7%
Net income per share165.06→111.14yen and sen
-32.7%

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

In addition to results for the consolidated second quarter (interim period), the impact of memory shortages is expected to continue into the second half, slowing sales of notebook PCs and other products. Cost of sales and selling, general and administrative expenses are expected to increase, reflecting higher crude oil prices resulting from heightened instability in the Middle East. The assumed average exchange rate for the second half has been changed from ¥150 to ¥157 per US dollar.

Previous-period resultsNet sales: ¥20,473 million; operating income: ¥4,286 million; ordinary income: ¥4,240 million; net income attributable to owners of the parent: ¥2,268 million; earnings per share: ¥122.08 (fiscal year ended December 2025)
Dividend forecast revisionNo revision
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥23,229 million → ¥20,877 million(-10.1%)
Operating profit¥4,403 million → ¥2,842 million(-35.5%)
Ordinary income¥4,407 million → ¥2,968 million(-32.7%)
Profit attributable to owners of the parent¥3,052 million → ¥2,055 million(-32.7%)
Net income per share165.06 yen and sen → 111.14 yen and sen
Fiscal Period CoveredFiscal year ending December 2026
Period CoveredFull year
Publication date of previous forecast13 February 2026
Previous-period resultsNet sales: ¥20,473 million; operating income: ¥4,286 million; ordinary income: ¥4,240 million; net income attributable to owners of the parent: ¥2,268 million; earnings per share: ¥122.08 (fiscal year ended December 2025)
Reason for the revisionIn addition to results for the consolidated second quarter (interim period), the impact of memory shortages is expected to continue into the second half, slowing sales of notebook PCs and other products. Cost of sales and selling, general and administrative expenses are expected to increase, reflecting higher crude oil prices resulting from heightened instability in the Middle East. The assumed average exchange rate for the second half has been changed from ¥150 to ¥157 per US dollar.
Dividend forecast revisionNo revision
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Details and amount of extraordinary loss

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 addition to results for the consolidated second quarter (interim period), the impact of memory shortages is expected to continue into the second half, slowing sales of notebook PCs and other products. In addition, selling, general and administrative expenses are expected to increase, along with the cost of sales, following a rise in crude oil prices due to heightened instability in the Middle East. The assumed average exchange rate for the second half has also been changed from ¥150 to ¥157 per US dollar.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to Full-Year Consolidated Earnings Forecast | KEIWA Incorporated (4251) timely disclosure | Komori