TOKYO, Apr 10 (Pulse News Wire) – Twinbird Corporation (6897.T) reported lower-than-expected earnings forecasts for its fiscal year ending February 28, 2026, due to significant declines in sales and operating profits. The company also recorded special losses and decided to reduce director compensation for three months starting March 2026.
In the fiscal year ending February 28, 2026, Twinbird expects a lower net profit per share of ¥0, compared to a previous forecast of ¥14.30 per share. Sales are now projected at ¥10.06 billion, down from ¥11.489 billion previously estimated. Operating profit is expected to drop to a loss of -¥1.005 billion, while ordinary profit is anticipated at a loss of ¥500 million. Net income is revised to a loss of ¥300 million. The downward revision was driven by intense competition in the home appliance sector, particularly in refrigerators and washing machines, exacerbated by consumer frugality and increased competition from non-traditional retailers.
As a result, the company plans to cut back on unprofitable segments and focus on higher-margin products and channels. Additionally, Twinbird will recognize impairment losses of ¥200 million related to idle assets and unwind deferred tax assets amounting to ¥210 million. Furthermore, Twinbird announced a reduction in executive compensation for the period from March to May 2026. The president's monthly salary will be reduced by 26%, while other directors' salaries will decrease by 27% to 30%. This move reflects the company’s commitment to addressing poor performance and taking responsibility for the downturn.
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