TOKYO, May 12 (Pulse News Wire) – Futaba Corporation (6986.T) reported its consolidated earnings for the fiscal year ending March 31, 2026, which differed from previous forecasts. Sales met expectations, but operating profit fell due to unfavorable product mix and inventory-related losses.
However, exchange rate movements led to significant foreign exchange gains, boosting extraordinary income and overall net profit beyond initial estimates. For the fiscal year ended March 31, 2026, compared to the forecast released on November 11, 2025: - Revenue was nearly as expected at ¥1.489 billion. - lower operating profit widened, while ordinary loss narrowed. - lower net profit per share improved significantly to ¥120.40 from a forecast of ¥180.00, marking a 32.8% increase.
The company attributed the stronger-than-expected performance to substantial foreign exchange gains during the fourth quarter, stemming from a weaker yen against the dollar. Additionally, the settlement of certain subsidiaries contributed positively to the bottom line. In separate reports, Futaba noted interest income of ¥182 million and foreign exchange gains of -¥206 million. Furthermore, impairment charges totaling ¥300 million were recorded due to reassessments of asset recoverability in electronic equipment and production machinery sectors.
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