Due to re-fabrication and re-installation costs of approximately 5 billion yen caused by defective bridge manufacturing by a subsidiary, a special loss of 1 billion yen has been recorded, and the full-year forecast for net income attributable to owners of parent has been downward revised by 16.9%, from 3,250 million yen to 2,700 million 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"1786","jir_company_name":"Oriental Shiraishi Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-17","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/1786-20260317-01.pdf","jir_short_summary":"Due to re-fabrication and re-installation costs of approximately 5 billion yen caused by defective bridge manufacturing by a subsidiary, a special loss of 1 billion yen has been recorded, and the full-year forecast for net income attributable to owners of parent has been downward revised by 16.9%, from 3,250 million yen to 2,700 million yen.","jir_summary":"### Regarding the Recording of Special Loss\nIn the bridge fabrication work conducted by a joint venture involving consolidated subsidiary Nihon Kyoryo Co., Ltd., numerous welding defects were confirmed at the contractor Kanadevia Corporation\u2019s Mukojima Factory, including unqualified welders. As a result, re-fabrication and re-installation will be undertaken. This will incur additional costs of approximately 5 billion yen, leading to the recording of a special loss of 1 billion yen as of now.\n\n### Revision of Full-Year Earnings Forecast and Future Measures\nFor the consolidated full-year earnings forecast for the fiscal year ending March 2026, net sales, operating income, and ordinary income are maintained at the previous forecast levels. However, due to the recording of the special loss, net income attributable to owners of parent has been downward revised by 16.9%, from 3,250 million yen to 2,700 million yen. While additional costs may arise through discussions with the ordering party, the relevant subsidiary will strengthen its quality control system and intends to claim damages from the contractor.","jir_financial_highlights":"Net Sales: 66,000 million yen (0.0% from previous forecast)\nOperating Income: 4,900 million yen (0.0% from previous forecast)\nOrdinary Income: 4,900 million yen (0.0% from previous forecast)\nNet Income Attributable to Owners of Parent: 2,700 million yen (Down 16.9% from previous forecast)\nNet Income Per Share: 20.87 yen (Unknown change from previous forecast)\nSpecial Loss Recorded: 1 billion yen (Newly recorded)","jir_category":"","jir_hashtags":"#OrientalShiraishiCorporation, #EarningsForecastRevision, #JapaneseStocks","jir_key_figures":"Special loss recorded: 1 billion yen (best estimate as of now)\nFull-year net income attributable to owners of parent forecast: 2,700 million yen (down 16.9% from previous forecast)\nEstimated total additional costs: approximately 5 billion yen (re-fabrication and re-installation costs)","jir_meta_title":"Oriental Shiraishi Records 1 Billion Yen Special Loss, Revises Full-Year Net Income Forecast Down by 16.9%","jir_meta_description":"Oriental Shiraishi has recorded a 1 billion yen special loss due to defective bridge fabrication by its subsidiary and has revised down its forecast for net income attributable to owners of parent for the fiscal year ending March 2026 from 3,250 million yen to 2,700 million yen.","jir_og_title":"Oriental Shiraishi Revises Down Net Income Forecast Following Special Loss Recording","jir_og_description":"A special loss of 1 billion yen was recorded due to re-fabrication costs from defective bridge manufacturing by a subsidiary, leading to a 16.9% downward revision of the full-year net income forecast.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17238,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-35012","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n