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Revision of earnings forecasts5819Canare Electric Co.,Ltd.Iron & Steel, Nonferrous Metals

Notice Regarding Differences Between Second-Quarter Forecasts and Actual Results

Actual results for the cumulative second quarter of the fiscal year ending December 2026 exceeded the previous forecast. Revenue and operating profit were 4.5% and 30.9% above forecast, respectively, while the full-year earnings forecast and second-quarter dividend forecast remained unchanged.

Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
30.9
% (percentage change in operating income)
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending December 2026 · Cumulative second quarterPrevious forecast published 29 January 2026
Net Sales6,350→6,638Millions of yen
+4.5%
Operating profit680→889Millions of yen
+30.7%
Ordinary income750→929Millions of yen
+23.9%
Profit attributable to owners of the parent540→635million yen (interim net income)
+17.6%
Net income per share—→—yen and sen
—

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 the upward trend resulting from the weaker yen and other factors, the US subsidiary recorded a refund of US tariffs as a reduction in costs for the second quarter, which had a significant impact. The full-year forecast remained unchanged after conservatively factoring in higher raw material costs resulting from the continuing situation in the Middle East, as well as interest-rate and foreign-exchange fluctuation risks.

Previous-period resultsRevenue: ¥6,452 million; operating profit: ¥893 million; ordinary profit: ¥933 million; interim net income attributable to owners of the parent: ¥646 million; interim net income per share: ¥94.78 (second quarter of the fiscal year ending December 2025)
Dividend forecast revisionNo change. The second-quarter dividend remains unchanged from the initial forecast of ¥33.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales6,350 Millions of yen → 6,638 Millions of yen(4.5%)
Operating profit680 Millions of yen → 889 Millions of yen(30.9%)
Ordinary income750 Millions of yen → 929 Millions of yen(23.9%)
Profit attributable to owners of the parent540 million yen (interim net income) → 635 million yen (interim net income)(17.7%)
Net income per share¥79.02 → ¥92.77
Fiscal Period CoveredFiscal year ending December 2026
Period CoveredCumulative second quarter
Publication date of previous forecast29 January 2026
Previous-period resultsRevenue: ¥6,452 million; operating profit: ¥893 million; ordinary profit: ¥933 million; interim net income attributable to owners of the parent: ¥646 million; interim net income per share: ¥94.78 (second quarter of the fiscal year ending December 2025)
Reason for the revisionIn addition to the upward trend resulting from the weaker yen and other factors, the US subsidiary recorded a refund of US tariffs as a reduction in costs for the second quarter, which had a significant impact. The full-year forecast remained unchanged after conservatively factoring in higher raw material costs resulting from the continuing situation in the Middle East, as well as interest-rate and foreign-exchange fluctuation risks.
Dividend forecast revisionNo change. The second-quarter dividend remains unchanged from the initial forecast of ¥33.
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 the upward trend resulting from the weaker yen and other factors, the US subsidiary recorded a refund of US tariffs as a reduction in second-quarter costs, which had a significant impact. The full-year forecast remained unchanged after conservatively factoring in higher raw material costs resulting from the continuing situation in the Middle East, as well as the risks of interest-rate and foreign-exchange fluctuations arising from policy shifts by central banks in various countries.

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Notice Regarding Differences Between Second-Quarter Forecasts and Actual Results | Canare Electric Co.,Ltd. (5819) timely disclosure | Komori