JVCKENWOOD Corporation
Q1 FY2027 Financial Summary (IFRS) [Consolidated]
For the first quarter of FY2027, consolidated net sales were 88,799 million yen (YoY +10.7%), operating profit was 2,007 million yen (△34.2% YoY), operating income was 1,526 million yen (△65.0% YoY), and net income attributable to owners of the parent was 989 million yen (△71.3% YoY), marks a substantial decline. Full-year guidance unchanged. Although revenue grew due to favorable effects from currency depreciation and ES/M&T, higher memory component prices and rising fixed costs weighed on profits.
Key Figures
- Net sales: 88,799百万円（YoY +10.7％）
- Operating profit: 2,007百万円（YoY △34.2％）
- Operating income: 1,526百万円（YoY △65.0％）
AI要約
Overview of results
In this quarter's first quarter, revenue rose above the previous year due to the weaker yen and favorable momentum in M&T/ES, but profit on an overall basis declined due to higher memory component prices, impact from wireless systems segments, and increased fixed costs. On a segment basis, M&T and ES posted higher sales and profits, while S&S declined. Overall profitability deteriorated notably. US tariff refunds were partially received but not recognized as revenue.
Full-year outlook and financial position
For the FY2027 March period, the full-year earnings forecast is unchanged. Projected net sales of 364,000百万円, operating profit of 23,400百万円, operating income of 20,600百万円, and net income attributable to owners of the parent of 15,000百万円. Exchange rate assumptions: USD 155 yen, EUR 180 yen. Cash and cash equivalents at year-end are 692百万円. Total assets around 34.9 trillion yen, liabilities around 19.6 trillion yen, and the policy to acquire treasury stock remains unchanged.
JVC Kenwood Corporation
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