TOKYO, May 14 (Pulse News Wire) – Kitabo Co.,ltd (3409.T) reported its fiscal year 2026 results, which fell below previously forecast figures due to reduced sales in key segments. According to the company’s announcement, revenue for the fiscal year ending March 31, 2026, was lower than expected, impacting operating profit, ordinary profit, and net income per share.
The company had initially projected revenues of ¥2.002 billion, but the actual figure came in at ¥1.506 billion. Operating profit declined from ¥17 million to --¥137 million, while ordinary profit dropped from ¥23 million to --¥131 million. Net income per share also saw a significant decrease, falling from ¥0.32 to --¥4.9 million. The shortfall was attributed primarily to decreased orders for protective clothing materials in major markets such as Aramid Sen'I Seihin, leading to a decline in overall sales.
Despite strong performance in high-end innerwear yarns and stable operations in healthcare security systems, these gains were offset by slower sales in textiles and cryptocurrency management losses due to asset devaluation. Kitabo's environmental division faced delays in selling unused assets, contributing further to the disappointing results. Additionally, the downturn in Bit Coin Kakaku prices during the third quarter led to substantial valuation losses, negatively affecting profitability across various sectors. In summary, despite some positive trends, Kitabo Co.,ltd’s financial outlook remains challenging as it navigates through fluctuating market conditions and operational challenges.
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