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Revision of earnings forecasts7276KOITO MANUFACTURING CO.,LTD.Electrical Equipment and Precision Instruments

Notice Regarding the Recognition of an Extraordinary Loss (Impairment Loss) and the Difference Between the Earnings Forecast and Actual Results

The company announced its full-year actual results for the fiscal year ending March 2026. Net sales, operating profit and ordinary profit exceeded the previous forecasts, while net income attributable to owners of the parent fell below forecast due to the recording of impairment losses. The company also recorded total impairment losses of ¥20 billion in its LiDAR and China businesses.

Worth reading
69In focus
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-40.9
%
Wording
Definitive
How definitive the wording is.

Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 30 January 2026
Net Sales913,000→947,610million
+3.8%
Operating profit45,000→51,438million
+14.3%
Ordinary income51,000→58,791million
+15.3%
Profit attributable to owners of the parent28,000→16,539million
-40.9%
Net income per share104.75→60.23yen and sen
-42.5%

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 impact of foreign exchange translation, increased sales of vehicle models ordered in Japan, stronger demand for hybrid vehicles in the Americas, higher sales associated with promotional campaigns by customers, expanded improvement effects from the review of production structures in China and Europe, and the recording of impairment losses, among other factors.

Details and amount of extraordinary loss

Impairment loss related to the LiDAR business: ¥14.3 billion; impairment loss related to the China business: ¥5.7 billion

Previous-period resultsNet sales: ¥916,709 million; operating profit: ¥44,873 million; ordinary profit: ¥49,147 million; net income attributable to owners of the parent: ¥46,240 million; basic earnings per share: ¥156.49
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥913,000 million → ¥947,610 million(+3.8%)
Operating profit¥45,000 million → ¥51,438 million(+14.3%)
Ordinary income¥51,000 million → ¥58,791 million(+15.3%)
Profit attributable to owners of the parent¥28,000 million → ¥16,539 million(-40.9%)
Net income per share104.75 yen and sen → 60.23 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast30 January 2026
Previous-period resultsNet sales: ¥916,709 million; operating profit: ¥44,873 million; ordinary profit: ¥49,147 million; net income attributable to owners of the parent: ¥46,240 million; basic earnings per share: ¥156.49
Reason for the revisionThe impact of foreign exchange translation, increased sales of vehicle models ordered in Japan, stronger demand for hybrid vehicles in the Americas, higher sales associated with promotional campaigns by customers, expanded improvement effects from the review of production structures in China and Europe, and the recording of impairment losses, among other factors.
Details and amount of extraordinary lossImpairment loss related to the LiDAR business: ¥14.3 billion; impairment loss related to the China business: ¥5.7 billion
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 due to the impact of foreign exchange translation, increased sales of vehicle models ordered in Japan, stronger demand for hybrid vehicles in the Americas, and higher sales associated with promotional campaigns by customers, among other factors. Operating profit and ordinary profit exceeded the forecasts as the improvement effects from the review of production structures in China and Europe expanded in addition to the increase in sales. Net income fell below forecast due to the recording of impairment losses related to the LiDAR and China businesses, among other factors.

How to read this page

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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 Recognition of an Extraordinary Loss (Impairment Loss) and the Difference Between the Earnings Forecast and Actual Results | KOITO MANUFACTURING CO.,LTD. (7276) timely disclosure | Komori