Citizen Watch has raised its full-year earnings forecast for the fiscal year ending March 2027. Revenue is expected to be ¥395.0 billion and net income ¥32.0 billion. The watch business performed well in Japan and North America, while semiconductor-related demand drove the machine tools business.
The company raised its full-year earnings forecast as its watch business remained firm, mainly in Japan. The newly announced forecast calls for revenue of ¥395.0 billion and net income of ¥32.0 billion, up from the previous forecasts of ¥362.0 billion and ¥27.5 billion, respectively. Strong domestic and overseas sales activity was cited as a factor supporting overall growth.
The watch business performed well mainly in Japan and North America, with stronger brand appeal and an expanded product lineup believed to have contributed. Semiconductor-related demand boosted sales in the machine tools business and may also have had a spillover effect on the company's manufacturing-related divisions.
As part of its progress under its medium-term management plan, the company is working to increase the proportion of watch sales made through its own e-commerce channel and strengthen the rollout of the brand The CITIZEN (ザ・シチズン). Additional information in future earnings announcements and the market's reaction will be closely watched.
Multiple media outlets that reported the same information attributed to press coverage have commonly reported the upward revision and its background. The impact on relevant parties and the specific trajectory of the figures will require further disclosures.