Source disclosure: January 27, 2026
JMC Corporation [5704.T]
TOKYO, Jan 27 (JFR) - JMC Corporation announced today that it expects to record impairment losses totaling ¥1,319 million for its fiscal year ending December 2025. The company also revised upward its full-year earnings forecast by more than 30 percent compared to the figures released on October 17, 2025.
The impairment loss is primarily attributed to the casting business segment where despite efforts to develop new alloy materials and advanced manufacturing techniques for high-complexity components, certain projects required additional time to meet quality standards, leading to higher production costs than anticipated. Consequently, the segment's operating income has been negative for two consecutive periods, prompting an assessment of fixed assets under the "Accounting Standards for Impairment of Fixed Assets." This evaluation resulted in the projected impairment loss of ¥1,319 million.
The breakdown of the impairment loss includes ¥654 million from buildings, ¥153 million from machinery and equipment, and ¥116 million from land at the factory in Iida City, Nagano Prefecture. Additionally, there were impairments of ¥80 million for structures and ¥68 million for other items at the same location. In Hamamatsu City, Shizuoka Prefecture, the company recorded impairments of ¥176 million for buildings, ¥37 million for land, and ¥31 million for other items, summing up to ¥245 million.
Regarding the revision of the full-year performance forecast for the fiscal year ending December 2025, JMC now anticipates a net loss per share of ¥227.76, compared to the previously estimated profit of ¥1.08 per share. Sales revenue is expected to increase by ¥93 million to ¥3,223 million, while operating income will rise significantly from ¥20 million to ¥103 million. However, due to the impairment charges, the net income is expected to be a loss of ¥1,263 million, down from the previous estimate of a ¥6 million profit.
This significant upward revision in the sales and operating income forecasts is mainly driven by the 3D printer segment, particularly within the HEARTROID field. The company has seen unexpectedly strong orders and sales from medical device manufacturers both domestically and overseas during the fourth quarter. As a result, the outlook for this segment has improved, contributing to the overall positive adjustment in the full-year forecast. The revised projections for the 3D printer segment include sales of ¥764 million, an increase of ¥84 million over the previous forecast, along with an operating income of ¥241 million, marking a rise of ¥60 million from earlier estimates. (JFR)
(Note: These forecasts are based on information available as of the date of this announcement and may differ from actual results due to various factors. Any material changes will be promptly disclosed.)
AI-translated content. 🟡 Confidence: Standard See terms • Original filing