IHI revised upward its consolidated earnings forecast for the fiscal year ending March 2027, reflecting strong performance in its aerospace and defense businesses and the impact of yen depreciation. Revenue has been raised to ¥1.84 trillion and net profit to ¥172 billion.
IHI, which has a subsidiary in Tomioka, Gunma Prefecture, revised upward its consolidated earnings forecast for the fiscal year ending March 2027 on the 5th. Revenue was raised to ¥1.84 trillion from the previous forecast of ¥1.83 trillion, while net profit was raised to ¥172 billion from ¥165 billion. Overall profitability is expected to improve on strong performance in the aerospace and defense businesses. The yen is reportedly trading weaker than assumed.
The article cites the contribution from the aerospace and defense businesses and foreign-exchange effects as the basis for the upward revision. IHI is reviewing its earnings outlook under its medium-term plan, and attention is focusing on the future direction of its financial metrics.