TOKYO, May 12 (Pulse News Wire) – Toyobo CO.,LTD. (3101.T) adjusted its full-year forecast for the fiscal year ending March 2026, citing lower-than-expected sales despite higher operating and ordinary profits.
In a statement released on February 09, the company had previously projected revenues of ¥430.0 billion, operating profit of ¥24.00 billion, ordinary profit of ¥19.50 billion, and net income attributable to shareholders of ¥8.500 billion. However, based on recent performance, the revised figures show revenues of ¥421.6 billion, operating profit of ¥27.91 billion, ordinary profit of ¥22.88 billion, and net income attributable to shareholders of ¥11.17 billion. This represents a decrease in revenue of ¥8.437 billion, while operating and ordinary profits increased by ¥3.906 billion and ¥3.378 billion respectively. Net income attributable to shareholders saw an increase of ¥2.674 billion compared to the previous forecast.
The discrepancy in sales was attributed to restructuring activities in certain regions, which led to lower than anticipated sales. Despite this, the industrial film division performed strongly, contributing to higher-than-projected operating and ordinary profits. Additionally, gains from the sale of fixed assets further boosted net income attributable to shareholders. This adjustment reflects the ongoing challenges faced by the company in meeting initial projections but highlights areas of strength within its operations.
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