Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 13 February 2026The 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.
Although sales of equipment related to new projects in the die business exceeded expectations, the gain was limited. Operating profit and ordinary profit are expected to decline due to a substantial decrease in motor core sales resulting from the failure of imports of Chinese rare-earth magnets to recover, as well as the deterioration in the performance of the German subsidiary JGWT and other factors. The recognition of extraordinary losses related to JGWT is expected to result in a net loss for the period.
Loss on compression of fixed assets: ¥258 million; impairment loss on fixed assets: ¥208 million; restructuring costs: ¥240 million (consolidated); valuation loss on shares of affiliates: ¥423 million; provision for loss on business of affiliates: ¥478 million (separate).
| Item | Details |
|---|---|
| Net Sales | ¥18,800 million → ¥19,000 million（+1.1%） |
| Operating profit | ¥180 million → ¥25 million（-86.1%） |
| Ordinary income | ¥40 million → ¥5 million（-87.5%） |
| Profit attributable to owners of the parent | ¥130 million → ¥-80 million |
| Net income per share | ¥22.71 → ¥(14.30) |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 February 2026 |
| Previous-period results | Sales of ¥17,284 million, operating profit of ¥311 million, ordinary profit of ¥419 million, net income attributable to owners of the parent of ¥172 million, and earnings per share of ¥30.23 (fiscal year ended March 2025) |
| Reason for the revision | Although sales of equipment related to new projects in the die business exceeded expectations, the gain was limited. Operating profit and ordinary profit are expected to decline due to a substantial decrease in motor core sales resulting from the failure of imports of Chinese rare-earth magnets to recover, as well as the deterioration in the performance of the German subsidiary JGWT and other factors. The recognition of extraordinary losses related to JGWT is expected to result in a net loss for the period. |
| Details and amount of extraordinary loss | Loss on compression of fixed assets: ¥258 million; impairment loss on fixed assets: ¥208 million; restructuring costs: ¥240 million (consolidated); valuation loss on shares of affiliates: ¥423 million; provision for loss on business of affiliates: ¥478 million (separate). |
| Dividend forecast revision | No change (year-end dividend of ¥10) |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Although sales of equipment related to new projects in the die business exceeded expectations, the gain on sales to contract manufacturers was limited. In addition, imports of Chinese rare-earth magnets did not recover due to worsening political relations between Japan and China, resulting in a substantial decline in motor core sales. The deterioration in the performance of the German subsidiary JGWT also contributed to the expected declines in operating profit and ordinary profit. Furthermore, the recognition of extraordinary losses related to JGWT is expected to result in a net loss for the period.