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JTEKT Corporation rebounds after six-day decline on forecast of tripled operating profit for fiscal March 2027

Tue Apr 28, 2026 3:29 pm JST Catalyst

JTEKT Corporation <6473> rebounded after a six-day decline. Around 3:00 p.m. on this day, the company announced its consolidated earnings forecast for the fiscal year ending March 2027, projecting sales of 1,880.0 billion yen (down 2.3% from the previous year) and operating profit of 75.0 billion yen (3.0 times the previous year). The dividend forecast was set at 70 yen (versus 60 yen in the previous year). Buying interest emerged in response to the outlook for a significant profit increase for the first time in three fiscal years and a dividend increase.

Simultaneously announced fiscal March 2026 results showed sales of 1,924.9 billion yen (up 2.2% from the previous year) and operating profit of 24.847 billion yen (down 35.4% from the previous year). The core automotive segment performed solidly due to the weaker yen and increased sales in Japan and North America. However, profits were weighed down by higher selling, general and administrative expenses.

Source: MINKABU PRESS

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

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