Hirose Electric revises full-year forecast upward, initiates share buyback

Hirose Electric announced a revision to its consolidated earnings forecast for the fiscal year ending March 2026, increasing projected revenue to JPY 200,000 million, operating profit to JPY 40,000 million, and profit attributable to owners of parent to JPY 30,000 million. This update reflects recent business performance trends, including positive foreign exchange rate movements and stronger performance in the general industrial business segment. The company maintains its year-end dividend forecast, with an assumed exchange rate of 1US$ = JPY 147.00, 1€ = JPY 171.00, and 1 South Korean won = JPY 0.1050.

For the six months ended September 30, 2025, Hirose Electric reported consolidated revenue of JPY 102,025 million, a 7.9% increase year-on-year. However, operating profit decreased by 7.9% to JPY 20,461 million, and profit attributable to owners of parent declined by 11.5% to JPY 15,523 million.

In a related move, Hirose Electric announced a share buyback program, repurchasing 133,700 shares for a total of JPY 2,551,094,500 between October 1 and October 31, 2025. This is part of a larger resolution by the board of directors on August 4, 2025, to buy back up to 1,050,000 shares (3.10% of total shares outstanding, excluding treasury stock) or JPY 15,000,000,000 from August 5, 2025, to March 31, 2026. As of October 31, 2025, the cumulative number of shares acquired under this resolution totaled 480,400 shares for JPY 9,133,252,000.