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Business Performance Forecast
Full-year earnings forecast for Fiscal Year Ending March 31, 2027 (as of May 1, 2026)
For the fiscal year ending March 31, 2027, continued solid demand in the Safety & Security Sector is expected, mainly due to recovery from impacts of insufficient supply of components in the Communications Systems Business, as well as an analog-to-digital migration and crisis management response. On the other hand, adverse impacts are anticipated owing to delays in grant application reviews and budget execution due to a U.S. federal government shutdown or continuing resolution, mainly in the first half of the fiscal year. In the Mobility & Telematics Services Sector, the domestic dealer-installed options in the OEM Business are anticipated to see strong sales, although impacts from insufficient memory supply and rising memory prices are expected. In addition, in the Entertainment Solutions Sector, a recovery is expected from a decline due to the impact of the U.S. tariff measures.
Although measures have been taken while continuing to carefully monitor heightened geopolitical risks, including intensifying situation in the Middle East, based on the above, the full-year earnings forecasts for the next fiscal year are as follows.
| Forecast for FYE 3/2027 | Results for FYE 3/2026 (billion yen) |
Percentage change from the previous year | |
| Revenue | 364.0 | 356.9 | +2.0% |
| Core Operating Income* | 23.4 | 20.9 | +12.1% |
| Operating Profit | 20.6 | 20.5 | +0.3% |
| Profit Before Income Taxes | 21.0 | 21.7 | -3.0% |
| Profit Attributable to Owners of the Parent | 15.0 | 16.8 | -10.6% |
| ROE(%) | 10.1% | 12.5% | - |
* 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.
The exchange rates used for the above full-year earnings forecast for fiscal year ending March 31, 2027 are as follows.
| Forecast for FYE 3/2027 | Results for FYE 3/2026 (yen) |
|
| US dolllar | 155 | 151 |
| Euro | 180 | 175 |
Full-year Earnings Forecast for the Fiscal Year Ending March, 2027 by Sector (as of May 1, 2026)
S&S: While recovery from component supply shortages is expected in the Communications Systems Business, a delay in budget execution due to the U.S. government shutdown is assumed mainly in H1.
M&T: Although the impact of a memory supply shortage and price surge is expected, strong sales are expected for the Domestic Dealer-Installed Option Business in OEM Business.
ES: A reactionary decline from the previous year is expected in the Entertainment Business, while a decrease in the impact of U.S. tariff measures is assumed in the Media Business.
[Revenue]
| Forecast for FYE 3/2027 | Results for FYE 3/2026 (billion yen) |
Percentage change from the previous year | |
| S&S | 105.0 | 94.70 | +10.9% |
| M&T | 198.0 | 195.7 | +1.2% |
| ES | 54.0 | 56.8 | -5.0% |
| Others | 7.0 | 9.6 | -27.1% |
| Total | 364.0 | 356.9 | +2.0% |
[Core operating income]
| Forecast for FYE 3/2027 | Results for FYE 3/2026 (billion yen) |
Percentage change from the previous year | |
| S&S | 15.6 | 12.7 | +22.5% |
| M&T | 5.5 | 5.4 | +1.9% |
| ES | 2.3 | 2.5 | -8.6% |
| Others | 0.0 | 0.2 | - |
| Total | 23.4 | 20.9 | +12.1% |
- S&S: Safety & Security Sector
- M&T: Mobility & Telematics Services Sector
- ES: Entertainment Solutions Sector
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