FUJI OIL REVISES FORECAST AFTER IMPAIRMENT LOSS AND DEFERRED TAX ASSET WRITE-DOWN

FUJI OIL CO.,LTD. [2607.T]

TOKYO, Apr 24 (Pulse News Wire) – Fuji OIL CO.,LTD. (2607.T) revised its fiscal year 2026 (ending March 31, 2026) consolidated forecast due to an impairment loss and deferred tax asset write-down related to its subsidiary Blommer Chocolate Company, LLC.

The impairment loss of ¥41.37 billion was recorded based on a reassessment of Blommer's recovery prospects amid prolonged demand weakness and increased fixed costs. Additionally, Fuji Oil expects to recognize a deferred tax asset write-down of ¥5.1 billion due to uncertainties surrounding Blommer’s performance. Fuji Oil also adjusted its consolidated earnings outlook.

Compared to previous forecasts, the company now projects lower operating profit and net income attributable to shareholders. Specifically, revenue is expected to remain stable, while operating profit is anticipated to slightly fall short of earlier estimates due to Blommer’s slower-than-expected recovery. As a result, net income per share is projected to decrease.

Previous forecast (A): Revenue ¥772.0 billion, Operating Profit ¥36.50 billion, Net Income Attributable to Shareholders ¥16.50 billion, EPS ¥191.9 million Revised forecast (B): Revenue ¥772.3 billion, Operating Profit ¥36.00 billion, Net Income Attributable to Shareholders ¥11.10 billion, EPS ¥129.1 million Change (B-A): Revenue ¥300 million, Operating Profit ¥--¥500 million, Net Income Attributable to Shareholders ¥--¥5.400 billion, EPS ¥671.2 billion Percentage Change: Revenue 0.0%, Operating Profit -1.4%, Net Income Attributable to Shareholders -32.7% Fuji Oil noted that actual results could differ significantly from projections due to various future factors.

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