Kurita Water Industries announced consolidated net profit of ¥28.7 billion for the fiscal year ending March 2027. Although this would represent an 80% increase from the previous fiscal year, it is expected to be ¥22.0 billion below the previous forecast, as construction costs for a major water-treatment equipment project handled by its US subsidiary are expected to increase.
Kurita Water Industries announced that it expects consolidated net profit on an IFRS basis of ¥28.7 billion for the fiscal year ending March 2027, representing an expected 80% increase from the previous fiscal year.
However, the forecast reflects a ¥22.0 billion downward revision from the previous forecast.
The company explained that costs are expected to increase beyond initial assumptions on a major water-treatment equipment construction project for the electronics industry handled by its US subsidiary.
Although the possibility of recognizing a loss on the construction project has been noted, no detailed figures or timing have been disclosed.