Kanadevia Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expects net sales to be JPY 620,000 million against previous guidance of JPY 620,000 million. Operating income to be JPY 13,500 million against previous guidance of JPY 18,000 million.
Profit attributable to shareholders of the company to be JPY 5,000 million against previous guidance of JPY 10,000 million. Net income per share to be JPY 29.73 against previous guidance of JPY 59.46. Reason for revision: Regarding net sales, they are progressing largely as planned, and there is no change from the previous forecast.
On the other hand, in terms of profitability, operating income is now expected to decrease from the previous forecast, mainly due to a deterioration in earnings at our overseas environmental subsidiaries caused by technical troubles. Although ordinary income will be supported by an increase in equity-method investment gains, it is still expected to fall below the previous forecast due to the decline in operating income. Profit attributable to shareholders of Kanadevia is also expected to decrease from the previous forecast due to the recording extraordinary losses.
Please note that there is no change to the year-end dividend forecast as a result of this earnings forecast revision.
