TOKYO, May 11 (Pulse News Wire) – NHK Spring CO.,LTD. (5991.T) reported its consolidated performance for the fiscal year ending March 31, 2026, which showed significant differences compared to previous forecasts released on November 12, 2025.
For the fiscal year 2026, the company's operating profit was estimated at ¥47.00 billion, while the actual figure stood at ¥45.78 billion, marking a decrease of --¥1.216 billion or -2.6%. Similarly, ordinary profit decreased by --¥811 million or -1.5%, and net income attributable to parent shareholders dropped by --¥12.14 billion or -30.3%. The discrepancies were primarily attributed to impairment losses recorded at the Iza Plant and Komagane Factory within the Industrial Machinery segment, as well as at subsidiaries NHK Manufacturing Malaysia, NHK Spring Mexico, and NHK Spring Hungary.
Additionally, deferred tax liabilities related to retained earnings of overseas affiliates contributed to the shortfall. In individual performance comparisons against the prior fiscal year, revenue increased by ¥12.17 billion or 3.4%, but operating profit saw a decline of ¥114 million or 0.5%. Net income per share also fell by ¥10.51 billion or 32.8%, mainly due to asset impairments at the aforementioned facilities, despite gains from securities sales and pension trust returns.
These factors led to results below initial expectations, though the company anticipates minimal impact on future projections for the fiscal year ending March 31, 2027.
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