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JVCKENWOOD Corporation shares fall sharply on lower profit forecast for fiscal year ending March 2027

Thu May 7, 2026 10:46 am JST Catalyst

JVCKENWOOD Corporation <6632> fell sharply. After the market closed on the 1st before the holiday, the company announced its consolidated earnings forecast for the fiscal year ending March 2027, projecting sales of 364.0 billion yen (up 2.0% year-on-year) and net profit of 15.0 billion yen (down 10.6% year-on-year). The dividend forecast was set at 20 yen (versus 18 yen in the previous fiscal year). While the company expects operating profit to increase due to a recovery in its wireless systems business, net profit is projected to decline as it incorporates reform costs based on its production grand design. This outlook appears to be viewed negatively by investors.

Meanwhile, the company's fiscal year ending March 2026 results, announced at the same time, showed sales of 356.865 billion yen (down 3.6% year-on-year) and net profit of 16.787 billion yen (down 17.2% year-on-year). JVC KENWOOD also disclosed that it has formulated a new medium-term management plan.

Source: MINKABU PRESS

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

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