RIVER ELETEC CORPORATION [6666.T]
TOKYO, May 15 (Pulse News Wire) – River Eletec Corporation (6666.T) revised its fiscal year 2026 forecast, reporting improved results compared to previous estimates. According to the company’s latest earnings report, sales revenue increased due to recovery in orders for key products such as piezoelectric quartz oscillators used in smartphones and medical devices.
For the fiscal year ending March 31, 2026, the company reported a sales revenue of ¥5.740 billion, lower operating profit of ¥70 million, ordinary loss of ¥54 million, and net income attributable to shareholders of ¥(12) million per share, significantly narrowing losses from the initial projections. The revision was attributed to several factors, including a rebound in orders for primary products, productivity improvements, and changes in product mix, which collectively enhanced profitability.
Compared to the prior forecast, the company saw a reduction in losses across operating profit, ordinary profit, and net income attributable to shareholders. In comparison to the previous fiscal year ended March 31, 2025, the company's performance showed a slight improvement, with a smaller lower operating profit of ¥70 million versus ¥75 million previously.
The company also noted a narrower gap in ordinary and net income figures.
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