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SAWAFUJI ELECTRIC, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 80% Decrease

Mon Mar 23, 2026 9:00 am JST Revision

6901 SAWAFUJI ELECTRIC CO.,LTD. 【J-GAAP】

Guidance Update Report

SAWAFUJI ELECTRIC CO.,LTD. <6901> [TSE Std] announced a performance revision in the morning on March 23rd (09:00). The consolidated net income forecast for the fiscal year ending March 2026 has decreased 81.5%, from the previous forecast of 270 million yen to 50 million yen (compared to 247 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 79.8% decrease in profit. However, the full-year forecast for consolidated ordinary profit has been revised upward 2.1%, from the previous forecast of 480 million yen to 490 million yen (compared to 214 million yen in the previous period), increasing the growth rate from 2.2 times to 2.3 times.

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 31.4%, from the previous forecast of 701 million yen to 481 million yen (compared to 183 million yen in the same period of the previous year), leading to a reduction in the profit growth rate from 3.8 times to 2.6 times.

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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 14,048 876 918 701 162.5 0 Dec 19, 2025 J-GAAP
Oct - Mar, 2025 New 13,948 836 928 481 111.5 0 Mar 23, 2026 J-GAAP
Revision Rate -0.7% -4.6% +1.1% -31.4% -31.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 25,000 350 480 270 62.6 16 Dec 19, 2025 J-GAAP
Mar, 2026 New 24,900 310 490 50 11.6 16 Mar 23, 2026 J-GAAP
Revision Rate -0.4% -11.4% +2.1% -81.5% -81.5%

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 12,011 32 50 183 42.6 16 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 13,948 836 928 481 111.5 0 Mar 23, 2026 J-GAAP
YoY +16.1% +2,512.5% +1,756.0% +162.8% +162.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 26,742 563 789 517 120.0 32 May 10, 2024 J-GAAP
Mar, 2025 23,601 76 214 247 57.4 32 May 9, 2025 J-GAAP
Mar, 2026 Guidance 24,900 310 490 50 11.6 16 Mar 23, 2026 J-GAAP
YoY +5.5% +307.9% +129.0% -79.8% -79.8%

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