TOKYO, May 22 (Pulse News Wire) – EDP Corporation (7794.T) reported a significant decline in revenue for the fiscal year ending March 2026, posting a lower net profit due to trade management reforms and challenges in executing sales plans overseas. Revenue was ¥516 million compared to ¥902 million in the previous fiscal year, marking a decrease of 42.8%.
Operating profit turned positive at ¥283 million against a loss of ¥976 million last year, while ordinary profit improved slightly to ¥227 million from a loss of ¥989 million previously. The company also recorded impairment losses totaling ¥283 million and wrote off liabilities from its consolidated subsidiaries, contributing to a lower net profit of ¥2.441 billion.
Despite efforts to reduce manufacturing costs and secure orders from domestic automotive firms and diamond device startups, inventory valuation losses and impairment charges led to substantial overall losses. In addition, EDP raised ¥707 million through the exercise of subscription rights during the fiscal year, allocating funds towards expanding production facilities for substrates and wafers, and investing in gemstone businesses globally.
The firm continues to focus on developing large wafer products and fostering international standards in the industry, aiming to establish itself as a leading supplier of comprehensive diamond materials for various devices.
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