Matsuoka Revises FY2026 Forecast Lower Than Expected

TOKYO, May 14 (Pulse News Wire) – Matsuoka Corporation (3611.T) revised its fiscal year 2026 forecast, showing lower-than-expected results compared to previous estimates. According to the company’s latest report released today, the consolidated net profit per share for the fiscal year ending March 31, 2026, decreased by ¥117 to ¥298.12, while revenue increased by 251 million yen to 1,221 million yen.

The operating profit fell below expectations due to significant depreciation of the yen against foreign currencies, leading to higher conversion costs for overseas factories. Despite this, the extraordinary impact of hedging agreements with some trading partners helped mitigate exchange rate fluctuations, contributing to a 14.7% increase in ordinary profit to 3,117 million yen. In addition, the company reported a special loss from impairment charges recorded by its subsidiaries, which partially offset the positive effects of the stronger dollar assets.

However, overall, the company's performance still surpassed initial forecasts due to improved ordinary profits. Matsuoka Corporation attributes the decline in operating profit primarily to unexpected currency movements during the latter half of the fiscal year, impacting production costs significantly. The company continues to monitor global economic conditions closely to manage future risks effectively.