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Revision of earnings forecasts5852AHRESTY CORPORATIONIron & Steel, Nonferrous Metals

Notice Regarding Differences Between Full-Year Consolidated Earnings Forecasts and Actual Results for the Fiscal Year Ending March 2026, Differences Between Non-Consolidated Results and Actual Results for the Previous Fiscal Year, and Recognition of an Extraordinary Loss in the Following Fiscal Year (Consolidated Financial Results)

For the fiscal year ending March 2026, consolidated net sales and each profit figure exceeded the previous forecast. Standalone net sales and operating profit declined from the previous fiscal year, while extraordinary losses of approximately ¥500 million from special retirement payments are expected to be recorded at a consolidated subsidiary in China in the fiscal year ending March 2027.

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Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 17 March 2026
Net Sales162,200→167,092million
+3.0%
Operating profit3,600→3,739million
+3.9%
Ordinary income2,200→2,865million
+30.2%
Profit attributable to owners of the parent3,000→3,580million
+19.5%
Net income per share120.29→144.16yen and sen
+19.8%

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

Consolidated ordinary profit and net income attributable to owners of the parent were affected mainly by the weaker yen. Standalone ordinary profit reflected a decrease in foreign exchange losses resulting from the weaker yen, while standalone net income reflected an impairment loss on shares of affiliates of approximately ¥1.4 billion, a provision for allowance for doubtful accounts relating to affiliates of approximately ¥1.0 billion, and approximately ¥6.3 billion in losses on waiver of receivables from affiliates and other losses recorded in the previous fiscal year.

Details and amount of extraordinary loss

Impairment loss on shares of affiliates of approximately ¥1.4 billion, provision for allowance for doubtful accounts relating to affiliates of approximately ¥1.0 billion, and approximately ¥6.3 billion in losses on waiver of receivables from affiliates and other losses recorded in the previous fiscal year. In the fiscal year ending March 2027, approximately ¥500 million in special retirement payments based on a labor-saving plan at a consolidated subsidiary in China is expected to be recorded.

Previous-period resultsConsolidated: net sales of ¥162,929 million, operating profit of ¥3,371 million, ordinary profit of ¥3,044 million, net loss attributable to owners of the parent of ¥2,892 million, and loss per share of ¥116.26. Standalone: net sales of ¥50,000 million, operating profit of ¥1,503 million, ordinary profit of ¥1,031 million, and net loss of ¥5,623 million.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
Revised forecast
ItemDetails
Net Sales¥162,200 million → ¥167,092 million(+3.0%)
Operating profit¥3,600 million → ¥3,739 million(+3.9%)
Ordinary income¥2,200 million → ¥2,865 million(+30.2%)
Profit attributable to owners of the parent¥3,000 million → ¥3,580 million(+19.5%)
Net income per share120.29 yen and sen → 144.16 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast17 March 2026
Previous-period resultsConsolidated: net sales of ¥162,929 million, operating profit of ¥3,371 million, ordinary profit of ¥3,044 million, net loss attributable to owners of the parent of ¥2,892 million, and loss per share of ¥116.26. Standalone: net sales of ¥50,000 million, operating profit of ¥1,503 million, ordinary profit of ¥1,031 million, and net loss of ¥5,623 million.
Reason for the revisionConsolidated ordinary profit and net income attributable to owners of the parent were affected mainly by the weaker yen. Standalone ordinary profit reflected a decrease in foreign exchange losses resulting from the weaker yen, while standalone net income reflected an impairment loss on shares of affiliates of approximately ¥1.4 billion, a provision for allowance for doubtful accounts relating to affiliates of approximately ¥1.0 billion, and approximately ¥6.3 billion in losses on waiver of receivables from affiliates and other losses recorded in the previous fiscal year.
Details and amount of extraordinary lossImpairment loss on shares of affiliates of approximately ¥1.4 billion, provision for allowance for doubtful accounts relating to affiliates of approximately ¥1.0 billion, and approximately ¥6.3 billion in losses on waiver of receivables from affiliates and other losses recorded in the previous fiscal year. In the fiscal year ending March 2027, approximately ¥500 million in special retirement payments based on a labor-saving plan at a consolidated subsidiary in China is expected to be recorded.
Consolidated / non-consolidatedConsolidated / non-consolidated (standalone)
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.

Consolidated ordinary profit and net income attributable to owners of the parent exceeded the forecast mainly because the yen remained weak against other currencies. Standalone ordinary profit differed from the previous fiscal year's results because foreign exchange losses decreased as a result of the weaker yen. Standalone net income differed because of extraordinary losses, including an impairment loss on shares of affiliates of approximately ¥1.4 billion and a provision for allowance for doubtful accounts relating to affiliates of approximately ¥1.0 billion, as well as the difference from the approximately ¥6.3 billion in extraordinary losses recorded in the previous fiscal year. The extraordinary losses expected in the next fiscal year will result from a labor-saving plan aimed at rationalizing the production system in response to changes in future demand trends.

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Notice Regarding Differences Between Full-Year Consolidated Earnings Forecasts and Actual Results for the Fiscal Year Ending March 2026, Differences Between Non-Consolidated Results and Actual Results for the Previous Fiscal Year, and Recognition of an Extraordinary Loss in the Following Fiscal Year (Consolidated Financial Results) | AHRESTY CORPORATION (5852) timely disclosure | Komori