TOKYO, May 15 (Pulse News Wire) – NOZAWA CORPORATION (5237.T) reported lower-than-estimated net profit for the fiscal year ending March 31, 2026, due to special losses totaling ¥200 million. The company recorded impairment losses and inventory valuation losses related to its mineral fertilizer product “MineMag.” In detail, the impairment loss was ¥200 million, while inventory valuation losses amounted to ¥100.1 million.
Additionally, litigation costs contributed to the reduced earnings. As a result, the company’s operating profit fell below expectations, dropping by 3.7%, ordinary profit decreased by 1.1%, and net profit per share declined by 43.4%. Previously, NOZAWA had forecasted a net profit of ¥1.993 billion for the fiscal year.
However, the actual performance showed a net profit of ¥1.680 billion, marking a significant deviation from initial projections. The company attributes the shortfall primarily to increased raw material prices and logistical expenses, which impacted production costs and marketing expenses. For more detailed figures, investors should refer to the company's latest quarterly report released.
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