G-Tekt slashes full-year forecast amid cyberattack, natural disaster impacts

G-Tekt Corporation's revised full-year consolidated earnings forecast for March 2026 projects net sales of JPY320,000 million (down 5.6%), operating profit of JPY14,200 million (down 12.9%), ordinary profit of JPY14,900 million (down 12.4%), and profit attributable to owners of parent of JPY10,000 million (down 13.0%) compared to previous forecasts. These revisions are primarily attributed to production halts caused by cyberattacks in Europe, natural disasters affecting customer factories in South America, and semiconductor shortages impacting North American production.

For the second quarter (interim period) of fiscal year 2026, G-Tekt reported consolidated net sales of JPY154,510 million (down 7.7% year-over-year), operating profit of JPY4,466 million (down 16.6%), and ordinary profit of JPY5,239 million (down 4.7%). Profit attributable to owners of parent was JPY3,601 million (down 7.6%). The company's total assets as of the interim period increased by JPY16,995 million to JPY338,382 million, driven by increases in construction in progress and work in progress.

The interim financial results also showed that net cash provided by operating activities increased by JPY1,488 million to JPY12,121 million due to reduced trade receivables and increased advances received. However, net cash used in investing activities increased by JPY2,666 million to JPY20,506 million, largely due to higher capital expenditures. Financing activities saw a net cash inflow of JPY4,157 million, primarily from increases in short-term and long-term borrowings.