Socionext shares fall sharply as double-digit profit growth forecast for fiscal March 2027 seen as insufficient

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Thu Apr 30, 2026 12:38 pm JST Catalyst

Socionext Inc. <6526> shares extended their sharp slide. After the market close on the 28th, the company released its earnings forecast for the fiscal year ending March 2027 alongside its consolidated financial results for the year ended March 2026. Socionext projects sales of 215.0 billion yen for the current fiscal year, up 7.1% year-on-year, with net income forecast to rise 14.5% to 10.0 billion yen. While results for the previous fiscal year beat initial targets, the market viewed the current profit outlook as underwhelming despite the projected double-digit growth.

For the fiscal year ending March 2027, Socionext expects continued strong demand for new mass-produced automotive products in China. It also anticipates sales growth from the start of mass production for automotive and data center sectors in North America. The assumed exchange rate is 130 yen per dollar. For the fiscal year ended March 2026, sales rose 6.5% to 200.83 billion yen, while net income fell 55.4% to 8.73 billion yen.

Source: MINKABU PRESS

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