Shinko Industry Co., Ltd. Q1 2027 Financial Summary (Fiscal Year Ending March 2027)

Business Overview

Shinko Industry has set the medium-term management plan move.2027, aiming for profitability and growth through capital cost management. In the first quarter-to-date, Japan segment air conditioning equipment sales faced a sluggish demand, leading to a decline in overall net sales YoY. In the Asia segment, sales volume declined and price competition remained challenging. Total net sales were 11,445 million yen, operating income 1,175 million yen, ordinary income 1,535 million yen, and net income attributable to owners of the parent for the quarter was 1,072 million yen.

Outlook and Strategy

From the second quarter onward, orders on hand are at a record high, and the company intends to steadily advance product shipments to transform into profits. In the Japan segment, profitability initiatives and promotions will be continued, with cost reductions and cost pass-through. In the Asia segment, while considering stagnation in the Chinese market, the company aims to improve profits through cost reductions and differentiation strategies. The full-year forecast remains unchanged from the time of announcement, and timely disclosure will be made depending on circumstances.