TOKYO, May 12 (Pulse News Wire) – Corona Corporation (5909.T) announced adjustments to its fiscal 2027 targets within its tenth mid-term business plan covering fiscal years 2025 through 2027. Originally set in May 2025, the revised goals reflect a more challenging economic environment.
For fiscal 2027, which ends March 2028, the company now projects consolidated revenue of ¥87.40 billion compared to the initial forecast of ¥87.80 billion. The revised target for consolidated ordinary profit stands at ¥1.500 billion, down from the previous estimate of ¥2 billion. Additionally, the projected consolidated operating margin is adjusted to 1.7% from the earlier prediction of 2.3%.
The revisions come amid ongoing efforts to rebuild the company’s portfolio towards a decarbonized society, expand into more enjoyable product areas, and strengthen its operational foundation. Despite robust sales performance in housing equipment in fiscal 2025, declines in heating and air conditioning appliances, rising raw material costs, and increased related expenses due to cost-cutting measures led to lower-than-expected results. Looking ahead, while the company plans to introduce new products and intensify marketing activities, anticipated continued challenges such as reduced demand for oil-burning equipment and soaring input prices necessitate these revised forecasts.
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