Zenrin Co., Ltd.
Notice of Revision to Earnings Guidance
Zenrin has revised its consolidated full-year earnings guidance for the fiscal year ending March 2027. Net sales remain unchanged from the previous forecast, but operating income, ordinary income, and net income attributable to owners of parent are revised down by 1,400 million yen, 1,300 million yen, and 100 million yen respectively, resulting in a decrease in net income compared with the previous forecast. The primary causes are delays in launching new product solutions and reduced sales of flow products in Product Solutions, and decreased revenue from changes in in-vehicle system configurations and production plan changes in Mobility Solutions. Net sales are unchanged.
Key Figures
- Net Sales: 66,000 million yen
- Operating Income: 2,200 million yen
- Ordinary Income: 2,600 million yen
- Net Income Attributable to Owners of Parent: 2,400 million yen
AI要約
Summary of Revision to Earnings Guidance
Zenrin has revised its consolidated full-year earnings guidance for the fiscal year ending March 2027. While net sales remain unchanged at 66,000 million yen from the previously announced forecast, operating income, ordinary income, and net income attributable to owners of parent are each expected to decrease by 1,400 million yen, 1,300 million yen, and 100 million yen respectively, and net income per share has been revised to 44.95 yen. The main reasons for the revision are delays in the market launch of new products and reduced sales of flow products in Product Solutions, and decreased revenue in Mobility Solutions due to changes in in-vehicle system configuration and revisions to production and development plans.
Outlook and Points to Note
The consolidation of Will Smart as a subsidiary during the period is expected to have a limited impact, while contributing to increased net sales. Actual results may be affected by future market trends, the timing of new product launches, and demand trends for in-vehicle solutions.
Zenrin Co., Ltd.
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