Aval Data revises full-year earnings forecast downwards amid semiconductor market delay

Aval Data Corporation announced on September 10, 2025, a revision to its earnings forecast for the fiscal year ending March 2026. While the second quarter (cumulative) individual earnings forecast for sales remained unchanged at JPY 4,200 million, operating profit, ordinary profit, and net income increased by JPY 100 million, JPY 90 million, and JPY 65 million respectively, with per-share net income rising from JPY 34.89 to JPY 45.44. This positive revision for the second quarter is attributed to operational efficiency and selling, general, and administrative expense control.

However, the full-year individual earnings forecast for the fiscal year ending March 2026 saw a downward revision. Sales are now projected to be JPY 8,600 million, a decrease of JPY 1,450 million (14.4%) from the previous forecast of JPY 10,050 million. Operating profit is revised down by JPY 240 million (23.8%) to JPY 770 million, ordinary profit by JPY 245 million (22.2%) to JPY 860 million, and net income by JPY 235 million (29.6%) to JPY 560 million. Consequently, per-share net income is now forecast at JPY 90.88, down from JPY 129.02. The company attributes the full-year downgrade to the semiconductor market’s slower-than-expected recovery and increased fixed costs associated with growth investments.