SHINDEN HIGHTEX CORPORATION [3131.T]
TOKYO, May 13 (Pulse News Wire) – Shinden Hightex Corporation (3131.T) reported its fiscal year 2026 fourth quarter earnings, which showed significant differences compared to initial forecasts released on November 11, 2025. For the fiscal year ending March 31, 2026, the company's revenue was initially forecasted at 43,¥800 million but came in at ¥42.81 billion, marking a difference of --¥987 million.
Operating profit was also revised downward from an estimated ¥1.150 billion to ¥1.066 billion, representing a decrease of --¥83 million. Similarly, ordinary profit decreased from ¥550 million to ¥351 million, with a variance of --¥276 million. Net income per share dropped from ¥29176 to ¥70 million, reflecting a decline of --¥198 million. The discrepancies were primarily attributed to unexpected increases in foreign exchange losses due to higher-than-anticipated dollar-denominated liabilities.
Initially, the company anticipated compressing its net dollar position by the end of the fiscal year; however, rising import costs driven by a stronger dollar led to increased borrowing needs. Additionally, preparations for future expansion contributed to a larger than expected increase in dollar-denominated debt, resulting in greater exposure to foreign exchange fluctuations. As a result, foreign exchange losses exceeded expectations, leading to lower-than-projected profits below the ordinary profit level. The company emphasized that these factors significantly impacted their final earnings figures.
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