Notice of Revision to Full-Year Earnings Guidance

Overview of Revision to Earnings Guidance

At a Board of Directors meeting held on November 13, 2026, Sun Corporation revised downward its consolidated full-year earnings guidance for the fiscal year ending March 2027. Net sales are expected to be 12,400 million yen, operating income 350 million yen, ordinary income 2,000 million yen, net income attributable to owners of parent -7,600 million yen, and net income per share -353.10 yen. These represent substantial downward revisions compared with the previous forecasts, with particularly notable declines in ordinary income and net income. The main factors for the revision include reduced demand and delays in global data intelligence, entertainment-related, and IT-related businesses; delayed revenue contribution from multiple M&A deals; and a reassessment of equity-method investment gains related to Cellebrite.

Future Impact and Risks

Drivers of the declines in sales and profits include delays in project rollouts, weak private-sector demand, shipment delays of gaming machine components, and delayed launches of the OptimaGrid IoT cloud brand, with time-consuming due diligence and contract negotiations limiting revenue contribution in the current fiscal year. In addition, a re-estimation of investment gains in the equity-method affiliate Cellebrite based on its performance outlook also had an impact. Tax-related adjustment costs from the Nagoya Regional Taxation Bureau of approximately 11,996 million yen are expected to affect the final profit and loss.