Citizen Watch raised its earnings forecast for the fiscal year ending March 2027, with operating profit lifted to ¥53 billion. This represents a 75.2% increase year on year and an approximately 30% upward revision from the previous forecast.
Citizen Watch raised its earnings forecast for the fiscal year ending March 2027 and expects operating profit of ¥53 billion. This represents an approximately 75.2% increase year on year, with the forecast raised by around 30% from the previous forecast.
The upward revision reflects sales of finished watches and watch movements in the watch business exceeding forecasts, as well as a significant increase in machine tool sales driven by expanding demand across a broad range of applications, including AI and semiconductors. Sales of key products in the device business have also remained strong.
This article was republished from an article distributed at 08:50 by the free smartphone app “FISCO.”