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Oriental Shiraishi, Net Income Forecast for the Fiscal Year Revised Downward by 17%

Tue Mar 17, 2026 1:00 pm JST Revision

1786 Oriental Shiraishi Corporation 【J-GAAP】

Guidance Update Report

Oriental Shiraishi Corporation <1786> [TSE Prime] announced a performance revision in the afternoon session on March 17th (13:00). The consolidated net income forecast for the fiscal year ending March 2026 has decreased 16.9%, from the previous forecast of 3.25 billion yen to 2.70 billion yen (compared to 3.71 billion yen in the previous period), leading to an increase in the profit decline rate from 12.5% to 27.3%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income has decreased 89.0%, from the previous forecast of 0.61 billion yen to 0.06 billion yen (compared to 0.97 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 36.7% to 93.0%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 29,879 1,157 1,135 618 4.8 7.50 Feb 13, 2026 J-GAAP
Oct - Mar, 2025 New 29,879 1,157 1,135 68 0.5 7.50 Mar 17, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -89.0% -89.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 66,000 4,900 4,900 3,250 25.3 14.50 Feb 13, 2026 J-GAAP
Mar, 2026 New 66,000 4,900 4,900 2,700 21.0 14.50 Mar 17, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -16.9% -16.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 31,508 1,416 1,496 976 7.4 7.50 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 29,879 1,157 1,135 68 0.5 7.50 Mar 17, 2026 J-GAAP
YoY -5.2% -18.3% -24.1% -93.0% -92.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 67,382 6,533 6,580 4,632 35.7 14.50 May 13, 2024 J-GAAP
Mar, 2025 64,553 5,434 5,556 3,715 28.1 14.50 May 13, 2025 J-GAAP
Mar, 2026 Guidance 66,000 4,900 4,900 2,700 21.0 14.50 Mar 17, 2026 J-GAAP
YoY +2.2% -9.8% -11.8% -27.3% -25.2%

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