Revised forecast
Fiscal year ending December 2026 · Full yearPrevious forecast published 13 February 2026The 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.
The forecast incorporates stronger-than-expected growth in the Indian market, foreign-exchange effects, increased sales volume, higher raw material prices, a deterioration in the earnings outlook of equity-method affiliates amid intensifying competition in the Chinese market, higher interest expenses resulting from rising interest rates, structural reform expenses and gains on the sale of fixed assets, among other factors.
Although structural reform expenses and gains on the sale of fixed assets and other items are mentioned, no individual details or amounts are disclosed.
| Item | Details |
|---|---|
| Net Sales | ¥200,000 million → ¥218,000 million（+9.0%） |
| Operating profit | ¥-1,000 million → ¥-700 million |
| Ordinary income | ¥2,700 million → ¥800 million（-70.4%） |
| Profit attributable to owners of the parent | ¥500 million → ¥800 million（+60.0%） |
| Net income per share | ¥4.46 / sen → ¥7.12 / sen |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 February 2026 |
| Previous-period results | Revenue: ¥190,875 million; operating loss: ¥1,507 million; ordinary profit: ¥1,774 million; net income attributable to owners of the parent: ¥274 million; earnings per share: ¥2.46 (fiscal year ended December 2025) |
| Reason for the revision | The forecast incorporates stronger-than-expected growth in the Indian market, foreign-exchange effects, increased sales volume, higher raw material prices, a deterioration in the earnings outlook of equity-method affiliates amid intensifying competition in the Chinese market, higher interest expenses resulting from rising interest rates, structural reform expenses and gains on the sale of fixed assets, among other factors. |
| Details and amount of extraordinary loss | Although structural reform expenses and gains on the sale of fixed assets and other items are mentioned, no individual details or amounts are disclosed. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Revenue increased as the Indian market grew more than expected and due to the impact of foreign exchange, while higher raw material prices had an adverse effect. Ordinary profit was affected by the deterioration in the earnings outlook of equity-method affiliates amid intensifying competition in the Chinese market and by higher interest expenses resulting from rising interest rates. Net income reflects structural reform expenses, gains on the sale of fixed assets and other factors.