TOKYO, Mar 11 (Pulse News Wire) – Mitsui High-tec,inc. (6966.T) reported its fiscal year ending January 31, 2026, results, which showed a significant deviation from previously forecasted figures.
The company recorded a net profit per share of ¥149.7 million compared to the previous estimate of ¥146.0 million, marking a decrease of 55%. The discrepancy was primarily attributed to special losses totaling 65 billion yen, including impairment losses of 39.5 billion yen related to manufacturing equipment and a further estimated loss of 25.9 billion yen discounted to present value. Additionally, Mitsui High-tec recognized a non-consolidated equity method investment impairment loss of 62 billion yen.
Despite these challenges, the company's operating performance saw improvements. Sales, operating profit, and ordinary profit exceeded expectations due to strong demand for motor cores used in drive generators and successful cost-cutting measures. However, the impact of foreign exchange gains on the group’s foreign-currency-denominated financial assets did not offset the substantial special losses.
In light of these developments, Mitsui High-tec emphasized that the revised financial outlook reflects the current market conditions and strategic adjustments necessary to navigate future uncertainties.
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