SUMINOE Co., Ltd. <3501> announced after the close of trading that it has revised downward its consolidated earnings forecast for the fiscal year ending May 2026. Operating profit has been lowered from \3.1 billion to \2.2 billion (down 26.7% year-on-year), and net profit has been reduced from \1.5 billion to \400 million (down 40.3% year-on-year). Additionally, the company lowered its year-end dividend forecast from \21.50 to \18.50 (annual dividend of \40).

The company raised its revenue forecast from \105.0 billion to \106.0 billion (up 1.2% year-on-year), as both the interior business and automotive/vehicle interior business have been progressing largely as expected. However, on the profit side, production plan fluctuations at North and Central American facilities of automotive manufacturers, deteriorating production efficiency due to increased orders from new customers, and rapid increases in raw material prices stemming from the Middle East situation that have outpaced price pass-through efforts are expected to weigh on earnings. The company also noted that corporate tax provisions exceeding initial plans will have an additional impact.

In its third-quarter cumulative results (June 2025 to February 2026) announced simultaneously, Suminoe reported revenue of \79.091 billion (up 3.1% year-on-year), operating profit of \1.315 billion (down 11.8% year-on-year), and a net loss of \30 million (compared to a net profit of \85 million in the same period last year).

Source: MINKABU PRESS

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