KITAZAWA SANGYO CO.,LTD. [9930.T]
TOKYO, May 15 (Pulse News Wire) – Kitazawa Sangyo CO.,LTD. (9930.T) reported a special gain of ¥56 million due to the sale of investment securities.
Additionally, the company's fiscal year 2026 March term revenue missed projections by --¥749 million, operating profit by --¥134 million, ordinary profit by --¥123 million, and net income attributable to parent company shareholders by --¥65 million compared to previous forecasts. The shortfall was primarily attributed to lower sales in its food service equipment division and delayed recovery in restaurant sales.
Despite efforts to improve profitability, the impact of reduced revenues could not be fully offset, leading to lower-than-projected results across key metrics. Kitazawa Sangyo previously disclosed its initial estimates on November 14, 2025, which now show significant discrepancies against the actual figures released today.
The company noted that the decline in sales affected its ability to meet earlier expectations for earnings performance.
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