Corona Corporation
Notice of Revision to Consolidated Earnings Guidance
Revised the consolidated earnings guidance for the second quarter of the fiscal year ending March 2027. Net sales decreased by 1,090 million yen from the previous forecast to 39,510 million yen, operating income decreased by 180 million yen to -680 million yen, ordinary income decreased by 130 million yen to -430 million yen, net income attributable to owners of parent for the interim increased by 10 million yen to -290 million yen, and interim net income per share was revised to -9 yen 91 sen. The primary causes are rising raw material costs and decreased sales of EcoCute. Full-year guidance is currently being compiled.
Key Figures
- Net Sales: 39,510 million yen (YoY vs previous forecast -1,090 million yen)
- Operating Income: -680 million yen (YoY vs previous forecast -180 million yen)
- Ordinary Income: -430 million yen (YoY vs previous forecast -130 million yen)
AI要約
Revision of Earnings Guidance and Causes
We have revised the consolidated earnings guidance for the second quarter of the fiscal year ending March 2027. Net sales are 39,510 million yen (down 1,090 million yen from the previous forecast), operating income is -680 million yen (down 180 million yen), ordinary income is -430 million yen (down 130 million yen), and net income attributable to owners of parent for the interim is -290 million yen (up 10 million yen), resulting in interim net income per share of -9 yen 91 sen. The main factors include strong sales of separate air conditioners due to raised energy-efficiency standards and solid exports of oil heating appliances, while flagship EcoCute experienced declines due to intensified competition and weakness in the mid-range market, and rising raw material costs compressed profits.
Outlook and Points to Note
Full-year earnings guidance is currently being compiled and will be announced promptly if disclosure is necessary. Please note there may be a re-tabulation taking into account rising raw material costs and demand trends.
Corona Corporation
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