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The continued strong demand in the North American public safety market in the S&S's Communications Systems Business, as well as the M&T's Overseas OEM Business and Domestic Dealer-installed Option Business, are expected to maintain consolidated operating income at a level similar to the previous year, excluding the impact of tariffs.
The consolidated financial forecast incorporating the negative impacts of the U.S. tariff measures on the company's performance (approx. 13.0 billion yen on revenue and 5.0 billion yen on core operating income) is as follows.
Forecast for FYE 3/2026 (including tariff impact) |
Results for FYE 3/2025 (billion yen) |
Percentage change from the previous year | |
Revenue | 358.0 | 370.3 | -3.3% |
Core Operating Income* | 20.0 | 25.3 | -21.0% |
Operating Profit | 19.0 | 21.8 | -12.8% |
Profit Before Income Taxes | 19.5 | 23.5 | -17.0% |
Profit Attributable to Owners of the Parent | 14.0 | 20.3 | -31.0% |
ROE(%) | 10.8% | 16.9% | - |
* Core operating income is calculated by deducting cost of sales, selling and general administrative expenses from revenue, and does not include other income, other expenses, and foreign exchange gains and losses, which are nonrecurring items that mainly occur temporarily.
Forecast for FYE 3/2026 | Results for FYE 3/2025 (yen) |
|
US dolllar | 150 | 153 |
Euro | 157 | 164 |
M&T sector: Strong sales are expected in the Overseas OEM Business and the Domestic Dealer-installed Business, but a decline in sales of display audio systems, speakers, and other products is anticipated due to the U.S. tariff measures.
S&S sector: The Communications Systems Business expects continued strong demand in the North American public safety market but anticipates the impact of upfront investments for business expansion, such as increased staffing, and the effects of component supply shortages from Q4 of the fiscal year ended March 31, 2025. The impact of the U.S. tariff measures is expected to be mostly absorbed through price pass-through and other measures.
ES sector: Strong sales are expected to continue in the Entertainment Business, and the effects of allowances made in the Media Business during the fiscal year ended March 31, 2025 are anticipated to materialize. However, a decline in sales of headphones, earphones, projectors, and other products is expected due to the U.S. tariff measures.
Forecast for FYE 3/2026 | Results for FYE 3/2025 (billion yen) |
Percentage change from the previous year | |
M&T | 194.0 | 203.2 | -4.5% |
S&S | 104.0 | 100.0 | +4.0% |
ES | 54.0 | 57.9 | -6.8% |
Others | 6.0 | 9.1 | -34.2% |
Total | 358.0 | 370.3 | -3.3% |
Forecast for FYE 3/2026 | Results for FYE 3/2025 (billion yen) |
Percentage change from the previous year | |
M&T | 1.9 | 4.9 | -61.6% |
S&S | 17.5 | 18.6 | -5.8% |
ES | 0.8 | 1.8 | -56.7% |
Others | -0.2 | -0.0 | - |
Total | 20.0 | 25.3 | -21.0% |
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