KIKUSUI CHEMICAL INDUSTRIES CO.,LTD. [7953.T]
TOKYO, May 14 (Pulse News Wire) – Kikusui Chemical Industries CO.,LTD. (7953.T) reported its fiscal year 2026 results, which fell below initial forecasts.
According to the company's latest release, sales revenue was lower than anticipated, impacting operating profit, ordinary profit, and net income per share. For the fiscal year ending March 31, 2026, the company previously forecasted sales revenue of ¥14.89 billion, operating profit of ¥1.489 billion, ordinary profit of ¥1.241 billion, and net income attributable to shareholders of ¥989 million, with an expected earnings per share of ¥148. However, the actual results showed sales revenue of ¥14.27 billion, operating profit of -¥898 million, ordinary profit of -¥898 million, and net income attributable to shareholders of ¥650 million, with an earnings per share of ¥93.
The variance in performance was attributed to missed sales targets and increased expenses due to higher provisions for warranty costs on completed projects. Despite these challenges, the company maintained revenues and profits above the previous fiscal year’s levels. Kikusui Chemical attributes the shortfall primarily to difficulties in achieving sales goals and additional expenses related to warranty provisions.
Nonetheless, the firm remains confident that overall performance exceeded the prior year's metrics.
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