TOKYO, Apr 27 (Pulse News Wire) – Piolax,inc. (5988.T) reported a revised forecast for its fiscal year ending March 31, 2026, due to anticipated asset impairment losses.
The company expects to record approximately ¥400 million as impairment loss for the fiscal year ended March 31, 2026, stemming from reduced profitability at some overseas subsidiaries. The revised outlook shows a decrease in operating profit and ordinary profit compared to previous estimates. Specifically, the company now projects revenue of ¥62.00 billion, operating profit of 1,4¥50 million, ordinary profit of ¥1.400 billion, and net income per share of ¥50, down significantly from earlier forecasts. The adjustments reflect a reassessment of fixed assets at certain overseas subsidiaries, increased provisions, and re-evaluation of tax expenses.
Additionally, the company considered recent trends in sales within the automotive industry and rising variable costs. Despite these changes, the dividend policy remains unchanged at ¥53 per share based on previously disclosed plans. For exchange rate assumptions, PIOLAX assumes 1 US dollar equals ¥150. The company notes that while this forecast is based on available data and reasonable assumptions, actual results could differ due to various factors.
Final figures will be released in the earnings release scheduled for May 11, 2026.
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