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Business Performance Forecast



Full-year earnings forecast for Fiscal Year Ending March 31, 2026 (as of May 1, 2025)

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.


Profit and Loss Exchange Rates

  Forecast for FYE 3/2026 Results for FYE 3/2025

(yen)

US dolllar 150 153
Euro 157 164

Full-year Earnings Forecast for the Fiscal Year Ending March 31, 2026 by Sector (as of May 1, 2025)

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.


[Revenue]

  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%

[Core operating income]

  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%
  • M&T: Mobility & Telematics Services Sector
  • S&S: Safety & Security Sector
  • ES: Entertainment Solutions Sector