Corona Corporation
Notice of Revision to Consolidated Earnings Guidance
Corona Corporation has revised its full-year consolidated earnings guidance for the fiscal year ending March 2027. Net sales have been revised downward from 86,000 hundred million yen to 84,500 hundred million yen; operating income has been revised from 600 million yen to -400 million yen; ordinary income from 1,000 million yen to 100 million yen; and net income attributable to owners of parent from 600 million yen to 100 million yen. The company cites soaring raw material costs and foreign exchange effects as causes, while expecting recovery from increased room air conditioner sales and new product launches.
Key Figures
- Net Sales: 84,500 hundred million yen (Previous forecast 86,000 hundred million yen)
- Operating Income: -400 million yen (Previous forecast 600 million yen)
- Ordinary Income: 100 million yen (Previous forecast 1,000 million yen)
AI要約
Key Revisions and Causes
This notice announces a revision to the full-year consolidated earnings guidance for the period April 1, 2026 to March 31, 2027. Net sales are revised downward from 86,000 hundred million yen to 84,500 hundred million yen, and operating income, ordinary income, and net income attributable to owners of parent are each substantially revised downward, with earnings per share also expected to decline significantly. The company cites performance through the second quarter and a surge in raw material prices driven by Middle East developments and exchange rate effects as background factors. On the other hand, from the third quarter onward the company expects recovery through increased room air conditioner sales due to stricter energy-saving standards, the launch of new EcoCute products, continued sales efforts, price revisions, and cost reductions.
Outlook and Risks
While demand related to energy-saving products is a tailwind, rising raw material costs and exchange rate fluctuations remain sources of earnings uncertainty. Actual results may vary depending on future market trends, raw material prices, and exchange rate movements. The company plans to continue introducing new products and strengthening sales activities as immediate measures.
Corona Corporation
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