Kyowa Leather Cloth Co., Ltd.
Notice of Revision to Earnings Guidance
Revised upward the full-year consolidated earnings guidance for the fiscal year ending March 2027. Net sales are now forecast at 56,000 hundred million yen (an increase of 1,000 hundred million yen from the previous forecast of 55,000 hundred million yen), operating income is 100 million yen, ordinary income is -50 million yen, net income attributable to owners of parent is 20 million yen, and earnings per share improve to 0.84 yen. Reasons include price revision, foreign exchange impact, fixed cost reductions, and recognition of expected gains on sale of business locations.
Key Figures
- Net Sales: 56,000 hundred million yen
- Operating Income: 100 million yen
- Ordinary Income: -50 million yen
- Net Income Attributable to Owners of Parent: 20 million yen
- Earnings Per Share: 0.84 yen
AI要約
Overview of Revision to Earnings Guidance
Today, we revised upward the full-year consolidated earnings guidance for the fiscal year ending March 2027. Net sales are newly forecast at 56,000 hundred million yen, up from the prior forecast of 55,000 hundred million yen. Operating income is 100 million yen, ordinary income is -50 million yen, net income attributable to owners of parent is 20 million yen, and earnings per share are 0.84 yen. Factors for the upward revision include price revisions and foreign exchange effects, cost reductions from fixed cost savings, and the reflection of expected proceeds from sale of business locations.
Future Factors and Risks
The revision is based on information available at this time, and actual results may vary due to future exchange rate fluctuations, market trends, impacts in customer regions, and other factors. A decrease in the deduction for non-controlling interests due to deterioration in the performance outlook of Kyowa Xing in China is also cited as an influencing factor.
Kyowa Leather Cloth Co., Ltd.
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