TOKYO, May 15 (Pulse News Wire) – Yushin Company (6482.T) reported lower-than-expected results for its fiscal year ending March 31, 2026, due to economic challenges in Europe and North America. The company recorded a special loss of ¥867 million related to WEMO Automation AB, leading to reduced operating profit, ordinary profit, and net income compared to previous forecasts.
For the fiscal year ended March 31, 2026, Yushin's consolidated revenue was ¥23.10 billion, down from the previously forecasted ¥23.00 billion. Operating profit was ¥826 million, while ordinary profit dropped to ¥908 million. Net income attributable to parent shareholders decreased to ¥286 million, marking a significant decline from the prior estimate of ¥1 billion. The company attributed the shortfall to prolonged economic downturns in Europe and uncertainty in North America, impacting product demand below initial expectations.
Additionally, increased personnel costs from strategic investments in human capital and higher research and development expenses contributed to the weaker performance. On an individual basis, Yushin’s revenue for the fiscal year ended March 31, 2026, stood at ¥14.88 billion, a decrease from the previous year's ¥17.00 billion. Operating profit declined to ¥994 million, and ordinary profit was ¥1.474 billion. Net income also saw a drop to ¥1.508 billion, reflecting a reduction of ¥561 million per share compared to the previous year's ¥60.8 million per share.
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