NIPPON COKE & ENGINEERING COMPANY,LIMITED [3315.T]
TOKYO, May 15 (Pulse News Wire) – Nippon Coke & Engineering Company,limited (3315.T) revised its fiscal year 2026 forecast due to better-than-expected results compared to previously published estimates. The company reported higher revenues and profits than anticipated for the fiscal year ending March 2026.
In a statement released today, the company disclosed that its consolidated operating profit exceeded initial forecasts primarily due to adjustments made in production methods following damage to coal conveyors in December 2025. By implementing alternative loading techniques such as crane operations, the company was able to mitigate production losses and achieve better-than-projected outcomes. For the fiscal year ending March 2026, the company's consolidated revenue reached ¥91.39 billion, surpassing the previous estimate of ¥92.00 billion. Operating profit stood at ¥607 million, up from the estimated ¥--¥900 million. Similarly, ordinary profit increased to ¥--¥276 million from the earlier projection of ¥--¥8.400 billion.
The net income per share also saw a positive adjustment, rising to --¥26.4 million from the prior expectation of --¥28.9 million. Additionally, the company noted a decline in individual annual performance metrics compared to the previous fiscal year. Despite lower sales stemming from reduced raw coke prices, operational efficiencies led to improved profitability. Revenue decreased slightly to ¥81.97 billion from ¥89.75 billion in the previous fiscal year. However, operating profit showed resilience, increasing to ¥--¥539 million from ¥--¥9.752 billion, reflecting cost-saving measures implemented during the period.
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