Lixil FY25 results miss forecasts despite revenue increase

LIXIL Group Corporation's fiscal year 2025 results reveal a mixed performance. Despite a 1.4% year-over-year increase in revenue to JPY1,504.7 billion, profits attributable to owners of the parent fell short of previous forecasts, landing at JPY2.0 billion against the projected JPY8.0 billion due to increased tax burden. In response, the company plans structural reforms and prioritize earnings, expecting a revenue of JPY1,540 billion, core earnings of JPY35 billion and a net profit of JPY8 billion for the fiscal year ending March 2026.