黒田精工 revised consolidated ordinary profit for the cumulative second quarter from the previously forecast profit to a loss. The full-year ordinary profit forecast remains unchanged, but the company now expects to fall into the red.
After the close of trading on 11 November, 黒田精工 revised consolidated ordinary income/loss for the cumulative second quarter (April-September) of the fiscal year ending March 2027 from the previously forecast profit to a ¥34 million loss. The company posted a ¥87 million loss in the same period of the previous year.
The full-year consolidated ordinary profit forecast remains unchanged at ¥550 million.
The main reasons for the revision were that, during the interim consolidated accounting period for the second quarter, sales of drive system products for the semiconductor-related equipment market exceeded plan, while sales of automotive motor cores and other products in the mold systems business fell below plan due to the impact of the slowdown in EV demand. This led to a decline in consolidated ordinary profit. In addition, the recording of a ¥60 million equity-method investment loss as a non-operating loss was also a factor.