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Revision to earnings forecast7521MUSASHI CO.,LTD.Trading & Wholesale

Notice Regarding Revisions to Earnings Forecasts

Revised the consolidated and non-consolidated earnings forecasts for the second quarter (interim period) and full fiscal year ending March 2027. Net sales were revised downward, while interim profit and full-year net income attributable to owners of the parent were revised upward. Full-year operating profit and ordinary profit were left unchanged.

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How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 15 May 2026
Net SalesSecond quarter (interim period)—→—million
—
Net SalesFull year—→—million
—
Operating profitSecond quarter (interim period)—→—million
—
Operating profitFull year—→—million
—
Ordinary incomeSecond quarter (interim period)—→—million
—
Ordinary incomeFull year—→—million
—
Profit attributable to owners of the parentSecond quarter (interim period)—→—million
—
Profit attributable to owners of the parentFull year—→—million
—
Net income per shareSecond quarter (interim period)—→—yen
—
Net income per shareFull year—→—yen
—

The bar length represents the relative magnitude of change, based on the item that changed the most in this document.

Reason for the revision

For the interim period, net sales are expected to fall below the previous forecast because sales of the document digitisation business, printing equipment and currency-processing machines were sluggish, while profit is expected to exceed the previous forecast because revenue from standardisation work for election systems was recognised ahead of schedule and gains on the sale of cross-shareholdings were also recognised. For the full year, net sales were revised downward to reflect the interim-period shortfall, and operating profit and ordinary profit were left unchanged because the stronger-than-expected performance in election systems resulted from the acceleration of recognition. Full-year net income attributable to owners of the parent was revised upward to reflect gains on the sale of cross-shareholdings.

Previous-period resultsSecond quarter (interim period) Consolidated Net sales ¥19,932 million, operating profit ¥2,359 million, ordinary profit ¥2,389 million, interim net income attributable to owners of the parent ¥1,273 million, interim net income per share ¥186.95 / Individual Net sales ¥16,760 million, ordinary profit ¥1,954 million, interim net income ¥1,159 million, interim net income per share ¥170.16 / Full year Consolidated Net sales ¥40,586 million, operating profit ¥4,677 million, ordinary profit ¥4,716 million, full-year net income attributable to owners of the parent ¥2,803 million, full-year net income per share ¥411.42 / Individual Net sales ¥34,607 million, ordinary profit ¥3,843 million, full-year net income ¥2,428 million, full-year net income per share ¥356.45
Consolidated / non-consolidatedConsolidated/non-consolidated
Revised forecast
ItemDetails
Net SalesSecond quarter (interim period) Consolidated 16,065 / Individual 13,100 / Full year Consolidated 33,959 / Individual 28,000 → Second quarter (interim period) Consolidated 14,653 / Individual 11,796 / Full year Consolidated 32,954 / Individual 26,896(Second quarter (interim period) Consolidated -8.8 / Individual -10 / Full year Consolidated -3 / Individual -3.9)
Operating profitSecond quarter (interim period) Consolidated 27 / Individual Not disclosed / Full year Consolidated 596 / Individual Not disclosed → Second quarter (interim period) Consolidated 158 / Individual Not disclosed / Full year Consolidated 596 / Individual Not disclosed(Second quarter (interim period) Consolidated 485.2 / Individual Not disclosed / Full year Not disclosed)
Ordinary incomeSecond quarter (interim period) Consolidated 85 / Individual 20 / Full year Consolidated 732 / Individual 404 → Second quarter (interim period) Consolidated 250 / Individual 145 / Full year Consolidated 732 / Individual 429(Second quarter (interim period) Consolidated 194.1 / Individual 625 / Full year Consolidated Not disclosed / Individual 6.2)
Profit attributable to owners of the parentSecond quarter (interim period) Consolidated 22 / Individual Individual interim net income 2 / Full year Consolidated 391 / Individual Individual full-year net income 238 → Second quarter (interim period) Consolidated 293 / Individual Individual interim net income 246 / Full year Consolidated 589 / Individual Individual full-year net income 420(Second quarter (interim period) Not disclosed / Full year Consolidated 50.6 / Individual 76.5)
Net income per shareSecond quarter (interim period) Consolidated ¥3.23 / Individual ¥0.29 / Full year Consolidated ¥57.38 / Individual ¥34.93 → Second quarter (interim period) Consolidated ¥43.00 / Individual ¥36.10 / Full year Consolidated ¥86.44 / Individual ¥61.64
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSecond quarter (interim period) and full year
Publication date of previous forecast15 May 2026
Previous-period resultsSecond quarter (interim period) Consolidated Net sales ¥19,932 million, operating profit ¥2,359 million, ordinary profit ¥2,389 million, interim net income attributable to owners of the parent ¥1,273 million, interim net income per share ¥186.95 / Individual Net sales ¥16,760 million, ordinary profit ¥1,954 million, interim net income ¥1,159 million, interim net income per share ¥170.16 / Full year Consolidated Net sales ¥40,586 million, operating profit ¥4,677 million, ordinary profit ¥4,716 million, full-year net income attributable to owners of the parent ¥2,803 million, full-year net income per share ¥411.42 / Individual Net sales ¥34,607 million, ordinary profit ¥3,843 million, full-year net income ¥2,428 million, full-year net income per share ¥356.45
Reason for the revisionFor the interim period, net sales are expected to fall below the previous forecast because sales of the document digitisation business, printing equipment and currency-processing machines were sluggish, while profit is expected to exceed the previous forecast because revenue from standardisation work for election systems was recognised ahead of schedule and gains on the sale of cross-shareholdings were also recognised. For the full year, net sales were revised downward to reflect the interim-period shortfall, and operating profit and ordinary profit were left unchanged because the stronger-than-expected performance in election systems resulted from the acceleration of recognition. Full-year net income attributable to owners of the parent was revised upward to reflect gains on the sale of cross-shareholdings.
Consolidated / non-consolidatedConsolidated/non-consolidated
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.

For the interim period, net sales are expected to fall below forecast because sales of the document digitisation business, printing equipment and currency-processing machines were sluggish, while profit is expected to exceed forecast due to the accelerated recognition of revenue from standardisation work for election systems and gains on the sale of cross-shareholdings. For the full year, the net sales forecast was revised downward to reflect the interim-period shortfall, while the net profit forecast was revised upward to reflect gains on the sale of cross-shareholdings. Operating profit and ordinary profit were left unchanged because the relevant factors were brought forward.

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Notice Regarding Revisions to Earnings Forecasts | MUSASHI CO.,LTD. (7521) timely disclosure | Komori