Nichidai Corporation Cuts Earnings & Dividend — Net Loss Widens on Automotive Weakness
Nichidai Corporation (TSE:64670) has revised its earnings and dividend forecast for the 2026 fiscal year, citing weaker-than-expected performance and rising costs.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 11.3bn | JPY 11.0bn | -JPY 267m (-2.4%) |
| Operating Profit | △JPY 200m | △JPY 425m | △JPY 225m (—) |
| Ordinary Income | △JPY 180m | △JPY 469m | △JPY 289m (—) |
| Net Profit | △JPY 237m | △JPY 792m | △JPY 555m (—) |
| EPS | △JPY 26.24 per share | △JPY 87.69 per share | — |
The company cited declining sales in its mold and precision parts businesses due to uncertainty in the automotive sector, rising material costs, foreign exchange losses from overseas subsidiaries, and impairment charges on fixed assets in its domestic precision parts operations.
The significant downward revision reflects deteriorating performance across core operations and a reduction in dividends, signaling potential challenges in profitability and cash flow. Investors should monitor the company’s ability to manage costs and navigate sector-specific risks.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.