TOKYO, Apr 28 (Pulse News Wire) – ESTIC Corporation (6161.T) revised its quantitative targets for the final fiscal year of its mid-term plan, which was initially published on April 26, 2024. The adjustments come amid challenges such as reduced demand in the EV market, rising raw material costs, and increased operational expenses due to quality improvements and customer service enhancements.
For the fiscal year ending March 2027, the company now projects revenue of 8,602 million yen and operating profit of 1,707 million yen, down from previous estimates of 9,000 million yen and 1,900 million yen, respectively. The operating margin is expected to decrease from 21% to 19.9%, while ROE is forecast to drop from 14% to 10.4%. In light of these changes, ESTIC also plans to shift its approach to disclosing future strategies.
Instead of setting three-year quantitative goals, the company will focus on providing continuous updates on long-term strategic directions and annual performance forecasts. Detailed explanations of key initiatives and progress will be included in quarterly reports and earnings presentations. Moving forward, ESTIC will maintain transparency by promptly updating stakeholders on any significant shifts in external conditions or internal operations.
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