TOKYO, May 11 (Pulse News Wire) – Tamura Corporation (6768.T) reported higher-than-expected revenue and profits for its fiscal year ending March 31, 2026, despite recording special losses due to restructuring measures. The company announced a net loss of ¥1.385 billion, primarily attributed to costs associated with a special retirement program and asset divestitures aimed at enhancing long-term value.
In a move to streamline operations and focus resources on key growth areas such as next-generation infrastructure, power infrastructure, heavy industries, communications, and mobility, Tamura implemented a special retirement support measure. As part of this initiative, approximately 100 employees responded to the voluntary retirement offer, leading to a special loss of ¥760 million recorded as extraordinary expenses. Additionally, the company decided to divest its information equipment business to Furue Corporation, resulting in a further special loss of ¥1.390 billion. Despite these significant charges, Tamura's overall performance exceeded initial forecasts, driven by strong demand for large transformers and reactors in North America.
Revenue for the fiscal year was ¥123.6 billion, surpassing the previous forecast of ¥120.0 billion. Operating profit reached ¥4.879 billion compared to the estimated ¥4.400 billion, while ordinary profit stood at -¥1.385 billion against the projected ¥600 million. However, the net loss per share remained unchanged at --¥17.3 million, consistent with the previously announced dividend policy of ¥8 per share. Tamura emphasized that these special losses are one-time adjustments necessary to achieve strategic goals outlined in their mid-term business plan, particularly focusing on improving return on equity (ROE) to 8% by the final year of the plan in March 2028.
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