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Revision to earnings forecast6849NIHON KOHDEN CORPORATIONElectrical and Precision Instruments

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated)

Full-year consolidated earnings forecasts for the fiscal year ending March 2027 were revised downward to revenue of ¥228.5 billion, operating profit of ¥17 billion, ordinary profit of ¥16 billion, and net income attributable to owners of the parent of ¥10.5 billion. Interim results also showed year-on-year declines in revenue and profit, but the dividend forecast remains unchanged.

Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-7500
¥ millions (reduction in the ordinary profit forecast)
Wording
Avoiding a definitive answer
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Full yearPrevious forecast published 14 May this year
Net Sales232,500→228,500Millions of yen
-1.7%
Operating profit23,500→17,000Millions of yen
-27.7%
Ordinary income23,500→16,000Millions of yen
-31.9%
Profit attributable to owners of the parent15,000→10,500Millions of yen
-30.0%
Net income per share—→65.61Yen
—

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

Revised based on interim consolidated results and recent business trends. In Japan, cautious investment in medical equipment continued, while overseas results reflect the impact of the yen's depreciation and the change in アドテック㈱'s fiscal year-end. Profit is expected to fall below the forecast because, in addition to lower-than-expected revenue, improvement in the gross profit margin is expected to fall short of assumptions due to rising component prices and price competition for consumables in Japan.

Details and amount of extraordinary loss

Loss on sale of fixed assets: ¥29 million; loss on disposal of fixed assets: ¥7 million; disaster-related loss: ¥8 million; total extraordinary losses: ¥46 million.

Previous-period resultsInterim period of the fiscal year ending March 2026: revenue of ¥108,120 million, operating profit of ¥6,741 million, ordinary profit of ¥6,732 million, interim net income attributable to owners of the parent of ¥4,524 million, and interim earnings per share of ¥27.74. Full-year results: Not disclosed.
Dividend forecast revisionNo change
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales232,500 Millions of yen → 228,500 Millions of yen
Operating profit23,500 Millions of yen → 17,000 Millions of yen
Ordinary income23,500 Millions of yen → 16,000 Millions of yen
Profit attributable to owners of the parent15,000 Millions of yen → 10,500 Millions of yen
Net income per shareNot disclosed → 65.61 Yen
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredFull year
Publication date of previous forecast14 May this year
Previous-period resultsInterim period of the fiscal year ending March 2026: revenue of ¥108,120 million, operating profit of ¥6,741 million, ordinary profit of ¥6,732 million, interim net income attributable to owners of the parent of ¥4,524 million, and interim earnings per share of ¥27.74. Full-year results: Not disclosed.
Reason for the revisionRevised based on interim consolidated results and recent business trends. In Japan, cautious investment in medical equipment continued, while overseas results reflect the impact of the yen's depreciation and the change in アドテック㈱'s fiscal year-end. Profit is expected to fall below the forecast because, in addition to lower-than-expected revenue, improvement in the gross profit margin is expected to fall short of assumptions due to rising component prices and price competition for consumables in Japan.
Details and amount of extraordinary lossLoss on sale of fixed assets: ¥29 million; loss on disposal of fixed assets: ¥7 million; disaster-related loss: ¥8 million; total extraordinary losses: ¥46 million.
Dividend forecast revisionNo change
Consolidated / non-consolidatedConsolidated

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Based on interim results and recent business trends, the revenue forecast was revised downward because medical institutions in Japan continued to take a cautious approach to capital investment. On the earnings side, in addition to revenue falling below the initial forecast, the improvement in the gross profit margin is expected to fall short of assumptions because of rising component prices and price competition for consumables in Japan. Overseas, the revision reflects the impact of the yen's depreciation and the change in アドテック㈱'s fiscal year-end, as well as an expected decline in sales to AED distributors in the second half and stagnation in business negotiations due to the situation in the Middle East.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated) | NIHON KOHDEN CORPORATION (6849) timely disclosure | Komori