After trading ended on the 29th, Kurita Water Industries sharply revised down its consolidated earnings forecast for the fiscal year ending March 2027, lowering net income to ¥28.7 billion. Revenue was revised upward, while the dividend is expected to remain unchanged.
After trading ended on the 29th, Kurita Water Industries announced a sharp downward revision to its consolidated earnings forecast for the fiscal year ending March 2027. The company expects to recognize a construction loss on one water treatment equipment project for the US electronics industry, reducing its net income forecast from ¥50.7 billion to ¥28.7 billion.
Meanwhile, the revenue forecast was revised upward from ¥425 billion to ¥455 billion. The revision reflected progress in chemical business sales and order trends in the equipment business, while the dividend forecast is to remain unchanged.
The market reaction was a limit-down indication for the share price. The company may make additional disclosures depending on developments.