TOKYO, Apr 27 (Pulse News Wire) – Taiho Kogyo CO.,LTD. (6470.T) reported its fiscal year 2026 third quarter earnings, which showed a significant deviation from previously announced forecasts due to impairment losses.
For the period ending March 31, 2026, Taiho Kogyo's revenue reached ¥119.378 billion, surpassing the forecasted figure of ¥117 billion. Operating profit also exceeded expectations at ¥2.589 billion compared to the estimated ¥2.5 billion. However, net income attributable to shareholders fell below projections, recording ¥1.3 billion against the anticipated ¥2.03 billion.
The discrepancy was primarily attributed to a substantial impairment loss recognized in the automotive components division, despite robust sales performance driven by favorable exchange rates and stable demand in the auto parts sector. Specifically, the company recorded a fixed asset impairment loss of ¥7.267 billion as a special item expense. Additionally, Taiho Kogyo sold its investment securities related to Toyota Automatic Loom Works shares through a tender offer process completed on March 30, 2026.
The sale price per share was adjusted from ¥1,000 to ¥1,050, resulting in a revised gain of ¥16 billion instead of the initially projected ¥15 billion.
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