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ZENRIN shares plunge to fresh yearly low on unexpected FY2026 profit decline

Mon Apr 27, 2026 1:42 pm JST Catalyst

ZENRIN <9474> plunged in the afternoon session, hitting a fresh yearly low. The company announced its consolidated results for the fiscal year ended March 2026 around 1:00 p.m. today. Revenue reached 64.28 billion yen (down 0.1% year-on-year), missing the previous forecast of 65.5 billion yen. Operating profit fell to 3.5 billion yen (down 10.7% year-on-year), below the initial target of 4.3 billion yen. Net profit reached 2.74 billion yen (up 5.1% year-on-year), trailing the prior estimate of 3 billion yen. The shift from an expected profit increase to a decline triggered selling pressure. While higher personnel costs and shifts in the revenue mix weighed on operating profit, net profit was supported by reduced foreign exchange losses and gains from investment security sales.

Alongside the results, ZENRIN released its full-year guidance for the fiscal year ending March 2027. The company projects revenue of 66.0 billion yen (up 2.7% year-on-year), operating profit of 3.6 billion yen (up 2.8% year-on-year), and net profit of 2.5 billion yen (down 8.7% year-on-year). ZENRIN expects growth to be driven by the expansion of recurring revenue services, including packaged products and the launch of new offerings.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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