TOKYO, May 12 (Pulse News Wire) – SMK Corporation (6798.T) revised its fiscal year 2026 forecast, reporting lower-than-expected net profit due to impairment losses. The company previously announced its earnings outlook on May 8, 2025, covering the period from April 1, 2025, to March 31, 2026.
According to the latest figures released today, SMK's revenue exceeded initial projections by 4.8%, reaching ¥48.20 billion compared to the previous estimate of ¥46.00 billion. However, operating profit fell below expectations by 14.0%, coming in at ¥430 million against the earlier projection of ¥500 million. Ordinary profit saw a significant increase of 24.4%, hitting ¥1.243 billion versus the prior forecast of ¥1 billion. Net income attributable to parent shareholders dropped sharply by 90.6%, recording a loss of ¥8.9 million per share compared to the anticipated ¥94.7 million per share.
The downward revision was primarily attributed to a substantial impairment loss of ¥3.1 billion recorded in the fourth quarter. Additionally, higher than expected pension expenses at the company’s Mexican subsidiary contributed to the reduced operating profit. Conversely, favorable exchange rates led to increased foreign exchange gains, boosting ordinary profits beyond initial forecasts. In summary, while sales performance surpassed expectations, operational challenges and unexpected costs significantly impacted overall profitability.
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