DIAMOND ELECTRIC HOLDINGS Co.,Ltd. [6699.T]
TOKYO, May 15 (Pulse News Wire) – Diamond Electric Holdings CO.,LTD. (6699.T) reported its fourth-quarter results for the fiscal year ending March 31, 2026, and adjusted its full-year outlook due to foreign exchange gains and special losses.
In the quarter, the company recorded foreign exchange gains totaling ¥824 million, primarily resulting from revaluation of its foreign-currency-denominated assets at the end-of-period exchange rates. Additionally, the firm recognized special losses amounting to ¥441 million, mainly stemming from provisions related to product recalls in China and impairment charges on fixed assets held by subsidiaries. Despite these adjustments, the company's consolidated performance exceeded initial forecasts. Revenue came in at ¥96.77 billion, surpassing the previous estimate of ¥95.00 billion by 1.9%.
Operating profit reached ¥2.753 billion, marking a 31.1% increase from the prior projection of ¥2.100 billion. Similarly, ordinary profit grew to ¥2.738 billion, up 61.1% from the earlier forecast of ¥1.700 billion. Net income attributable to parent shareholders was also higher, reaching ¥819 million compared to the estimated ¥600 million, representing a 36.6% improvement. The improved performance was driven by ongoing cost reduction initiatives, enhanced quality control measures, and swift responses to external changes such as additional tariffs in the US and supply chain issues in China.
Despite recognizing significant special losses, particularly from recall-related expenses and asset impairments, the positive impact of increased operating profits led to a net profit exceeding expectations by ¥219 million.
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