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Revision of earnings forecasts6632JVCKENWOOD CorporationElectrical Equipment and Precision Instruments

Financial Results for the Fiscal Year Ending March 2026 [IFRS] (Consolidated)

The company announced its consolidated results for the fiscal year ended March 2026. Revenue, business profit, operating profit, profit before tax, and profit attributable to owners of the parent were all below the previous fiscal year. For the fiscal year ending March 2027, the company forecasts higher revenue and business profit, but lower profit before tax and profit attributable to owners of the parent.

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Revised forecast

Fiscal year ending March 2027 · Full year
Net Sales—→364,000million
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Operating profit—→20,600million
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Profit attributable to owners of the parent—→15,000million
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Net income per share—→106.13yen
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The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

As assumptions underlying the forecast for the fiscal year ending March 2027 compared with the actual results for the fiscal year ended March 2026, the company expects a recovery from the impact of component supply shortages, continued demand for replacement of analog products with digital products and for crisis-management solutions, strong domestic products, and a reduced impact from U.S. tariff measures. At the same time, it anticipates delays in budget execution due to U.S. government shutdowns, as well as memory supply shortages and higher prices. No reason for revising the forecast from the previous forecast is stated.

Details and amount of extraordinary loss

Impairment loss of ¥701 million. A provision for losses related to the withdrawal from the healthcare business was also recorded, but the amount is not disclosed.

Previous-period resultsFiscal year ended March 2026: revenue of ¥356,865 million, business profit of ¥20,880 million, operating profit of ¥20,540 million, profit before tax of ¥21,660 million, profit attributable to owners of the parent of ¥16,787 million, and basic earnings per share of ¥115.21
Dividend forecast revisionFor the fiscal year ending March 2027, the company forecasts an interim dividend of ¥10, a year-end dividend of ¥10, and an annual dividend of ¥20. The disclosure does not expressly state that this is a revision to the dividend forecast.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesNot disclosed → ¥364,000 million
Operating profitNot disclosed → ¥20,600 million
Profit attributable to owners of the parentNot disclosed → ¥15,000 million
Net income per shareNot disclosed → 106.13 yen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Previous-period resultsFiscal year ended March 2026: revenue of ¥356,865 million, business profit of ¥20,880 million, operating profit of ¥20,540 million, profit before tax of ¥21,660 million, profit attributable to owners of the parent of ¥16,787 million, and basic earnings per share of ¥115.21
Reason for the revisionAs assumptions underlying the forecast for the fiscal year ending March 2027 compared with the actual results for the fiscal year ended March 2026, the company expects a recovery from the impact of component supply shortages, continued demand for replacement of analog products with digital products and for crisis-management solutions, strong domestic products, and a reduced impact from U.S. tariff measures. At the same time, it anticipates delays in budget execution due to U.S. government shutdowns, as well as memory supply shortages and higher prices. No reason for revising the forecast from the previous forecast is stated.
Details and amount of extraordinary lossImpairment loss of ¥701 million. A provision for losses related to the withdrawal from the healthcare business was also recorded, but the amount is not disclosed.
Dividend forecast revisionFor the fiscal year ending March 2027, the company forecasts an interim dividend of ¥10, a year-end dividend of ¥10, and an annual dividend of ¥20. The disclosure does not expressly state that this is a revision to the dividend forecast.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Ordinary incomePublication date of previous forecast

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.

For the fiscal year ended March 2026, revenue and profit declined due to lower production and sales caused by component supply shortages in the wireless systems business, as well as the impact of U.S. tariff measures on the mobility and telematics services and media businesses. For the fiscal year ending March 2027, the company expects a recovery from the impact of component supply shortages, continued demand, strong domestic products, and a reduced impact from tariff measures, while anticipating delays in budget execution due to U.S. government shutdowns and memory shortages and higher memory prices.

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Financial Results for the Fiscal Year Ending March 2026 [IFRS] (Consolidated) | JVCKENWOOD Corporation (6632) timely disclosure | Komori