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Revision to earnings forecasts6699DIAMOND ELECTRIC HOLDINGS Co.,Ltd.Electric Appliances & Precision Instruments

Notice Regarding Recognition of Non-Operating Expenses and Differences Between the Forecast and Actual Results for the Cumulative Consolidated Second Quarter Period of the Fiscal Year Ending March 2027

Actual results for the cumulative consolidated second quarter period of the fiscal year ending March 2027 exceeded the forecast announced on 15 May. Net sales were ¥2,478 million, operating profit was ¥488 million, ordinary profit was ¥317 million, and interim net income attributable to owners of the parent was ¥252 million above forecast. Although a foreign exchange loss of ¥599 million was recorded due to the revaluation of foreign-currency-denominated assets, the full-year earnings forecast remains unchanged.

Worth reading
72In 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
81.4
%
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Cumulative consolidated second quarter period (1 April 2026 to 30 September 2026)Previous forecast published 15 May 2026
Net Sales48,100→50,578Millions of yen
+5.2%
Operating profit600→1,088Millions of yen
+81.4%
Ordinary income-170→146Millions of yen
+185.9%
Profit attributable to owners of the parent-420→-167Millions of yen
+60.2%
Net income per share-48.23→-14.06/ sen
+70.8%

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

The Automotive Equipment business benefited from increased production of vehicles equipped with internal combustion engines in China and the United States, as well as the weaker yen. In the Electronic Equipment business, rush demand for air-conditioning equipment increased. The company also advanced efforts to eliminate defects, reduce costs, cut expenses, improve market-response costs, reform its business structure and improve its earnings structure. Although a ¥599 million foreign exchange loss was recorded, the increase in operating profit contributed to results, and a ¥143 million gain on the sale of investment securities also boosted net income.

Previous-period resultsNet sales: ¥46,628 million; operating profit: ¥1,388 million; ordinary profit: ¥1,146 million; interim net income attributable to owners of the parent: ¥425 million; interim net income per share: ¥50.46 (fiscal year ended September 2025)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales48,100 Millions of yen → 50,578 Millions of yen(+5.2%)
Operating profit600 Millions of yen → 1,088 Millions of yen(+81.4%)
Ordinary income-170 Millions of yen → 146 Millions of yen
Profit attributable to owners of the parent-420 Millions of yen → -167 Millions of yen
Net income per share¥-48.23 / sen → ¥-14.06 / sen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredCumulative consolidated second quarter period (1 April 2026 to 30 September 2026)
Publication date of previous forecast15 May 2026
Previous-period resultsNet sales: ¥46,628 million; operating profit: ¥1,388 million; ordinary profit: ¥1,146 million; interim net income attributable to owners of the parent: ¥425 million; interim net income per share: ¥50.46 (fiscal year ended September 2025)
Reason for the revisionThe Automotive Equipment business benefited from increased production of vehicles equipped with internal combustion engines in China and the United States, as well as the weaker yen. In the Electronic Equipment business, rush demand for air-conditioning equipment increased. The company also advanced efforts to eliminate defects, reduce costs, cut expenses, improve market-response costs, reform its business structure and improve its earnings structure. Although a ¥599 million foreign exchange loss was recorded, the increase in operating profit contributed to results, and a ¥143 million gain on the sale of investment securities also boosted net income.
Consolidated / non-consolidatedConsolidated
Items this document does not state (2)
Details and amount of extraordinary lossDividend 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.

The Automotive Equipment business benefited from increased production of vehicles equipped with internal combustion engines in China and the United States, as well as the weaker yen. In the Electronic Equipment business, rush demand for air-conditioning equipment increased ahead of revisions to Japan’s energy-saving standards. In addition, the company advanced efforts to eliminate defects, reduce costs, cut expenses, improve market-response costs, reform its business structure and improve its earnings structure. Ordinary profit was affected by a ¥599 million foreign exchange loss, but the increase in operating profit more than offset this impact, while the recording of a ¥143 million gain on the sale of investment securities also contributed to net income.

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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 Recognition of Non-Operating Expenses and Differences Between the Forecast and Actual Results for the Cumulative Consolidated Second Quarter Period of the Fiscal Year Ending March 2027 | DIAMOND ELECTRIC HOLDINGS Co.,Ltd. (6699) timely disclosure | Komori