Hokuetsu Corp. slashes FY2026 financial forecasts

Hokuetsu Corporation has issued a correction to its previously disclosed financial results forecast for the full fiscal year ending March 31, 2026, revealing substantial reductions across key financial metrics. The revised forecast now anticipates net sales of JPY 292,000 million, a decrease of JPY 11,000 million (3.6%) from the initial JPY 303,000 million projection announced on May 15, 2025.

The operating profit forecast has been slashed by JPY 10,000 million (55.6%), moving from JPY 18,000 million down to JPY 8,000 million. Similarly, ordinary profit is now expected to be JPY 10,000 million, marking an JPY 11,000 million (52.4%) reduction from the previous JPY 21,000 million. Profit attributable to owners of parent is also significantly impacted, dropping by JPY 9,000 million (60.0%) from JPY 15,000 million to JPY 6,000 million.

Consequently, basic earnings per share are revised to JPY 35.67, a notable decrease from the earlier forecast of JPY 89.18. For reference, the previous fiscal year (ended March 31, 2025) reported net sales of JPY 305,718 million, operating profit of JPY 19,727 million, ordinary profit of JPY 18,759 million, and profit attributable to owners of parent of JPY 15,529 million, with basic earnings per share of JPY 92.34.