KOITO MANUFACTURING CO.,LTD. [7276.T]
TOKYO, May 13 (Pulse News Wire) – Koito Manufacturing CO.,LTD. (7276.T) reported special losses totaling ¥14.30 billion and ¥5.700 billion related to its LiDAR and China operations for the fiscal year ending March 31, 2026.
Additionally, the company noted a variance in its full-year performance compared to previous forecasts released on January 30, 2026. In the LiDAR sector, despite initial optimism driven by advancements in ADAS systems and autonomous driving technologies, uncertainties in vehicle development timelines led to cancellations and reduced future demand projections. As a result, the company recorded a loss of ¥14.30 billion due to impairment charges.
For its Chinese operations, ongoing sales challenges faced by major domestic automotive clients prompted production adjustments, leading to a further impairment charge of ¥5.700 billion. Despite these setbacks, Koito remains committed to optimizing regional production capacities globally to enhance profitability. Regarding financial discrepancies, the company's actual results showed revenues of ¥947.6 billion, operating profit of ¥51.44 billion, ordinary profit of ¥58.79 billion, and net income per share of ¥60.2 million, differing from earlier estimates.
Notably, while revenue exceeded expectations, net income fell short due to the aforementioned impairment losses.
🟢 Confidence: High AI-translated content.