ASAHI KAGAKU KOGYO CO.,LTD. [7928.T]
TOKYO, Apr 13 (Pulse News Wire) – Asahi Kagaku Kogyo CO.,LTD. (7928.T) revised its fiscal 2026 mid-year forecast higher due to favorable exchange rates and increased sales.
The company reported a revenue increase of 10.8%, up to ¥442 million compared to its previous estimate. Operating profit rose 62.9% to ¥22 million, while ordinary profit climbed 56.7% to ¥35 million. The earnings per share improved by 6.7%, reaching ¥10.58. For the full fiscal year ending August 31, 2026, Asahi Kagakukogyo raised its outlook, projecting revenues of ¥8.500 billion, operating profit of ¥250 million, and ordinary profit of ¥220 million.
The adjustments reflect continued expectations of a weaker yen, leading to higher revenues and profits than initially anticipated. In detail, the company noted that sales growth was driven by favorable foreign exchange movements, particularly impacting Chinese operations. Sales in Japan saw mixed results, with electric tool components increasing but automotive parts declining due to lower pricing on new products launched since September 2025. Operations in Thailand also contributed positively, benefiting from exchange rate shifts.
Engineering improvements and automation efforts aimed at reducing defect rates and manufacturing costs further bolstered profitability.
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