Komori
Revision to earnings forecasts7762Citizen Watch Co.,Ltd.Electric Appliances & Precision Instruments

Notice Regarding the Difference Between the Consolidated Earnings Forecast and Actual Results for the Second Quarter (Interim Period), and Revisions to the Full-Year Consolidated Earnings Forecast

In the second quarter (interim period), revenue and each profit measure exceeded the previous forecasts. Accordingly, the full-year consolidated forecasts for the fiscal year ending March 2027 were revised upward for all of revenue, operating profit, ordinary profit and profit attributable to owners of the parent.

Worth reading
83Important
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
30.9
%
Wording
Conditional
How definitive the wording is.

Revised forecast

Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 14 August 2026
Net SalesSecond quarter (interim period)196,000→—million
—
Net SalesFull year395,000→422,000million
+6.8%
Operating profitSecond quarter (interim period)20,500→—million
—
Operating profitFull year40,500→53,000million
+30.9%
Ordinary incomeSecond quarter (interim period)22,500→—million
—
Ordinary incomeFull year43,500→55,500million
+27.6%
Profit attributable to owners of the parentSecond quarter (interim period)17,000→—million
—
Profit attributable to owners of the parentFull year32,000→40,000million
+25.0%
Net income per shareSecond quarter (interim period)69.67→—/ sen
—
Net income per shareFull year131.15→163.94/ sen
+25.0%

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

Sales of finished watches and movements in the watch business exceeded expectations, while the effect of higher revenue and the refund of additional U.S. tariffs contributed to improved profitability. Machine tool sales increased on higher demand across a wide range of industries, including AI and semiconductors, while sales of core products such as photo printers were strong in the device business.

Previous-period resultsSecond quarter (interim period) Net Sales 159,250 / Operating profit 12,986 / Ordinary income 16,197 / Interim net income attributable to owners of the parent 11,880 / Interim net profit per share 48.7 / Full year Net Sales 346,808 / Operating profit 30,250 / Ordinary income 38,456 / Profit attributable to owners of the parent 31,100 / Net income per share 127.48
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net SalesSecond quarter (interim period) 196,000 / Full year 395,000 → Second quarter (interim period) Actual 207103 / Full year 422,000(Second quarter (interim period) 5.7% / Full year 6.8%)
Operating profitSecond quarter (interim period) 20,500 / Full year 40,500 → Second quarter (interim period) Actual 29228 / Full year 53,000(Second quarter (interim period) 42.6% / Full year 30.9%)
Ordinary incomeSecond quarter (interim period) 22,500 / Full year 43,500 → Second quarter (interim period) Actual 30935 / Full year 55,500(Second quarter (interim period) 37.5% / Full year 27.6%)
Profit attributable to owners of the parentSecond quarter (interim period) 17,000 / Full year 32,000 → Second quarter (interim period) Actual 24371 / Full year 40,000(Second quarter (interim period) 43.4% / Full year 25.0%)
Net income per shareSecond quarter (interim period) 69.67 / Full year 131.15 → Second quarter (interim period) Actual 99.89 / Full year 163.94
Fiscal Period CoveredFiscal year ending March 2027
Period CoveredSecond quarter (interim period) and full year
Publication date of previous forecast14 August 2026
Previous-period resultsSecond quarter (interim period) Net Sales 159,250 / Operating profit 12,986 / Ordinary income 16,197 / Interim net income attributable to owners of the parent 11,880 / Interim net profit per share 48.7 / Full year Net Sales 346,808 / Operating profit 30,250 / Ordinary income 38,456 / Profit attributable to owners of the parent 31,100 / Net income per share 127.48
Reason for the revisionSales of finished watches and movements in the watch business exceeded expectations, while the effect of higher revenue and the refund of additional U.S. tariffs contributed to improved profitability. Machine tool sales increased on higher demand across a wide range of industries, including AI and semiconductors, while sales of core products such as photo printers were strong in the device business.
Consolidated / non-consolidatedConsolidated
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.

In the core watch business, sales of finished watches and movements exceeded expectations, while the effect of higher revenue and the refund of additional U.S. tariffs also contributed to improved profitability. In addition, machine tool sales increased on higher demand across a wide range of industries, including AI and semiconductors, while sales of core products such as photo printers were strong in the device business.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.