Revised net income attributable to owners of parent for the fiscal year ending March 2026 from JPY 3,000 million to a loss of JPY 17,000 million, with a plan to record an impairment loss of JPY 20 billion as a special 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-05","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/6339-20260305-01.pdf","jir_short_summary":"Revised net income attributable to owners of parent for the fiscal year ending March 2026 from JPY 3,000 million to a loss of JPY 17,000 million, with a plan to record an impairment loss of JPY 20 billion as a special loss.","jir_summary":"### Regarding the Recording of Impairment Loss\nDue to the deteriorating performance of the European subsidiary Elastikos S.A.S., which became a consolidated subsidiary in April 2024, Shinto Industry plans to record an impairment loss of JPY 20 billion on goodwill and fixed assets as a special loss. This is mainly attributable to the sluggish European economy and intensified competition leading to lower-than-expected performance, but there is no direct impact on cash flow.\n\n### Details and Reasons for Revision of Full-Year Consolidated Earnings Forecast\nForecasts for net sales, operating income, and ordinary income for the fiscal year ending March 2026 remain unchanged from the previous announcement. However, net income attributable to owners of parent is revised downward from a profit forecast of JPY 3,000 million to a loss forecast of JPY 17,000 million due to the recording of special losses. For the fiscal year ending March 2027, recovery to profitability is expected following the resolution of these one-time factors.","jir_financial_highlights":"Net Sales: JPY 180,000 million (Year-over-Year +19.7% increase (compared to last fiscal year actual of JPY 150,224 million))\nOperating Income: JPY 2,500 million (Year-over-Year -16.8% decrease (compared to last fiscal year actual of JPY 3,004 million))\nOrdinary Income: JPY 2,100 million (Year-over-Year -34.8% decrease (compared to last fiscal year actual of JPY 3,226 million))\nNet Income Attributable to Owners of Parent: Loss of JPY 17,000 million (Downward revision of JPY 20,000 million from previous forecast of JPY 3,000 million)\nNet Income Per Share: Loss of JPY 323.85 (Significant downward revision from previous forecast of JPY 57.16)","jir_category":"","jir_hashtags":"#ShintoIndustry, #EarningsForecastRevision, #ImpairmentLoss, #JapaneseStocks","jir_key_figures":"Amount of Impairment Loss Recorded: JPY 20 billion (Special Loss)\nNet Income Attributable to Owners of Parent Forecast: Loss of JPY 17,000 million (previously JPY 3,000 million)\nNet Sales Forecast: JPY 180,000 million (Year-over-Year +19.7%)","jir_meta_title":"Shinto Industry Revises Fiscal Year Ending March 2026 Earnings Forecast Recording JPY 20 Billion Impairment Loss Resulting in Sharp Net Loss","jir_meta_description":"Shinto Industry revises net income attributable to owners of parent for the fiscal year ending March 2026 downward from JPY 3,000 million to a loss of JPY 17,000 million, mainly due to recording a JPY 20 billion impairment loss on its European subsidiary.","jir_og_title":"Shinto Industry Significantly Revises Fiscal Year Ending March 2026 Earnings Forecast with JPY 20 Billion Impairment Loss","jir_og_description":"Shinto Industry has substantially revised downward its net income forecast for the fiscal year ending March 2026 following the recording of an impairment loss by its European subsidiary.","jir_og_image_url":"\/assets\/og\/company-earnings_guidance.jpg","jir_chart_data_collection":"[]","ir_related_company":17156,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-33465","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n