Kurita Water Industries incurred additional costs on a North American electronics market-related project and revised its full-year earnings forecast downward, from ¥65.5 billion to ¥43.5 billion. Additional costs are expected to total approximately ¥23.6 billion, representing a 25.4% decline year on year.
Kurita Water Industries has revised its full-year earnings outlook downward, cutting its previous operating profit forecast from ¥65.5 billion to ¥43.5 billion. This represents a decline of approximately 25.4% year on year. New additional costs are expected to arise in a North American electronics market-related project, with full-year additional costs estimated at approximately ¥23.6 billion.
It has been reported that project-specific issues relating to planning, design and certification peculiar to the United States may have arisen in part of the project. Although no further additional costs themselves are expected to arise in this project, similar risks in separate projects are now attracting attention.