Tsubaki Nakashima Co., Ltd.
Fiscal Year Ending December 2026 Q3 Earnings Presentation Materials (Including Adjustments to Mid-Term Management Plan 2025-2029)
Cumulative Q3 operating loss of 5,960 million yen. FY2026 full-year outlook revised mainly due to impairment of fixed assets in Europe and cost factors. Revenue was revised upward, but profits fell sharply due to one-off items. Mid-term plan deferred one year to 2030 and acceleration of European and production base restructuring.
Key Figures
- Revenue: FY2026 Q3 cumulative 52,760 million yen, YoY -4.3% (excluding FX impact)
- Operating Income: FY2026 Q3 cumulative 1,820 million yen (excluding one-off impairments)
- FY2026 Full-year Outlook: Revenue 73,500 million yen, Operating Income -10,100 million yen
AI要約
Summary of Results
Cumulative Q3 results show revenue of 52,760 million yen (YoY -4.3%, excluding FX impact) and operating income of 1,820 million yen excluding one-off impairments; however, impairments of property, plant and equipment and goodwill totaling 7,770 million yen were recorded. Given the severe conditions in the European business, the full-year outlook has been revised. The final fiscal year of the mid-term management plan will be delayed by one year to 2030, with a policy to thoroughly implement plant restructuring and cost reductions.
Outlook and Changes to Capital Policy
FY2026 full-year forecast revised to revenue of 73,500 million yen and operating loss of 10,100 million yen. While revenue was revised upward reflecting changes in FX assumptions, profits are significantly compressed due to increased one-off expenses. Additional restructuring of sites will be implemented under a local production for local consumption model in Europe.
Revenue Trend
Operating Income Trend
Margin Analysis
Tsubaki Nakashima Co., Ltd.
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