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Revision of earnings forecasts6919KEL CORPORATIONElectrical Equipment and Precision Instruments

Notice regarding the differences between the full-year consolidated earnings forecast and actual results for the fiscal year ending March 2026

For the fiscal year ending March 2026, net sales exceeded the full-year forecast announced on 6 February 2026 by ¥357 million, while operating profit, ordinary profit and net income fell short of the forecast. In particular, net income attributable to owners of the parent was ¥99 million below the forecast.

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Scale
-99
¥ million
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Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 6 February 2026
Net Sales12,500→12,857million
+2.9%
Operating profit320→284million
-11.0%
Ordinary income450→384million
-14.6%
Profit attributable to owners of the parent310→210million
-32.1%
Net income per share42.61→28.92yen and sen
-32.1%

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

Although net sales exceeded the forecast due mainly to strong orders for connectors for the industrial equipment and amusement equipment markets, profit fell short of the forecast due to higher raw material prices, the delay in the start of mass production at the Chinese plant, research and development investment, increased expenses associated with capital investment in the new facility and Chinese plant, and the recognition of ¥40 million in special losses for repair and related costs arising from product quality defects.

Details and amount of extraordinary loss

Repair and related costs arising from quality defects in some of the Company's products: ¥40 million

Previous-period resultsNet sales ¥11,871 million, operating profit ¥596 million, ordinary profit ¥585 million, net income attributable to owners of the parent ¥401 million, and net income per share ¥55.23 (fiscal year ended March 2025)
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥12,500 million → ¥12,857 million(+2.9%)
Operating profit¥320 million → ¥284 million(-11.0%)
Ordinary income¥450 million → ¥384 million(-14.6%)
Profit attributable to owners of the parent¥310 million → ¥210 million(-32.1%)
Net income per share42.61 yen and sen → 28.92 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast6 February 2026
Previous-period resultsNet sales ¥11,871 million, operating profit ¥596 million, ordinary profit ¥585 million, net income attributable to owners of the parent ¥401 million, and net income per share ¥55.23 (fiscal year ended March 2025)
Reason for the revisionAlthough net sales exceeded the forecast due mainly to strong orders for connectors for the industrial equipment and amusement equipment markets, profit fell short of the forecast due to higher raw material prices, the delay in the start of mass production at the Chinese plant, research and development investment, increased expenses associated with capital investment in the new facility and Chinese plant, and the recognition of ¥40 million in special losses for repair and related costs arising from product quality defects.
Details and amount of extraordinary lossRepair and related costs arising from quality defects in some of the Company's products: ¥40 million
Consolidated / non-consolidatedConsolidated
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.

Net sales exceeded the forecast, mainly due to strong orders for connectors for the industrial equipment and amusement equipment markets. Profit, however, fell short of the forecast due to higher raw material prices, the failure to realize the expected improvement in production efficiency resulting from the delay in the start of mass production at the Chinese plant, research and development investment in new products and technologies, increased depreciation and selling, general and administrative expenses associated with capital investment in a new domestic facility and the Chinese plant, and the recognition of ¥40 million in special losses for repair and related costs arising from product quality defects.

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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 the differences between the full-year consolidated earnings forecast and actual results for the fiscal year ending March 2026 | KEL CORPORATION (6919) timely disclosure | Komori