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JTEKT, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 27% Decrease

Thu Mar 19, 2026 3:00 pm JST Revision

6473 JTEKT Corporation 【IFRS】

Guidance Update Report

JTEKT Corporation <6473> [TSE Prime] announced a performance revision in the afternoon session on March 19th (15:00). The consolidated net income forecast for the fiscal year ending March 2026 has decreased 60.0%, from the previous forecast of 25.0 billion yen to 10.0 billion yen (compared to 13.7 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 27.1% decrease in profit.

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/loss has been revised downward from an expected profit of 12.8 billion yen to a loss of 2.16 billion yen (compared to a profit of 7.48 billion yen in the same period of the previous year), turning to a loss outlook.

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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 949,825 28,946 31,325 12,837 40.3 30 Feb 3, 2026 IFRS
Oct - Mar, 2025 New 949,825 -4,054 -1,675 -2,163 -6.8 30 Mar 19, 2026 IFRS
Revision Rate 0.0% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,880,000 55,000 55,000 25,000 78.5 60 Feb 3, 2026 IFRS
Mar, 2026 New 1,880,000 22,000 22,000 10,000 31.4 60 Mar 19, 2026 IFRS
Revision Rate 0.0% -60.0% -60.0% -60.0% -60.0%

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 965,918 12,912 11,377 7,482 22.0 25 Apr 25, 2025 IFRS
Oct - Mar, 2025 Guidance 949,825 -4,054 -1,675 -2,163 -6.8 30 Mar 19, 2026 IFRS
YoY -1.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,891,504 62,196 72,513 40,257 117.4 36 Apr 26, 2024 IFRS
Mar, 2025 1,884,397 38,452 30,876 13,713 40.4 50 Apr 25, 2025 IFRS
Mar, 2026 Guidance 1,880,000 22,000 22,000 10,000 31.4 60 Mar 19, 2026 IFRS
YoY -0.2% -42.8% -28.7% -27.1% -22.2%

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