TOKYO ROPE MFG.CO.,LTD [5981.T]
TOKYO, May 14 (Pulse News Wire) – Tokyo Rope Mfg.co.,ltd (5981.T) reported its individual financial results for the fiscal year ended March 31, 2026, showing a decrease in operating profit compared to the previous fiscal year due to increased bad debt provisions. In the fiscal year ending March 31, 2026, the company recorded a provision for doubtful debts amounting to ¥842 million related to an increase in receivables from its consolidated subsidiary, Tokyo Rope Steel Code Kabushiki Kaisha.
Although this provision negatively impacted the individual financial performance, it did not affect the consolidated earnings as such provisions are eliminated in the consolidation process. For the fiscal year 2026, the company's per-share figures showed the following changes compared to the prior year: | Metric | Previous Year (Fiscal 2025) | Current Year (Fiscal 2026) | Difference (Current - Previous) | Percentage Change | |-----------------|-------------------------------|-------------------------------|--------------------------------|------------------| | Revenue | ¥37.60 billion | ¥37.97 billion | ¥367 million | 1.0% | | Operating Profit | ¥1.936 billion | ¥2.493 billion | ¥557 million | 28.8% | | Ordinary Profit | ¥2.240 billion | ¥1.322 billion | --¥918 million | -41.0% | | Net Profit | ¥2.588 billion | ¥1.981 billion | --¥607 million | -23.5% | The decline in ordinary profit was primarily attributed to the higher bad debt provision.
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