Almetax Manufacturing Co., Ltd. (TSE:5928) has revised its earnings forecast for the period ending March 31, 2026, citing softer demand for new residential building materials and reduced housing starts.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 8.30bn | JPY 7.85bn | -5.4% |
| Operating Profit | JPY 10M | JPY 10M | +0.0% |
| Ordinary Income | JPY 170M | JPY 160M | -5.9% |
| Net Profit | JPY 105M | JPY 160M | +52.4% |
| EPS | JPY 10.02/share | JPY 15.27/share | +52.4% |
The company cited continued weakness in demand for new residential building materials and a decline in new housing starts as the main reason for the downward revision in revenue. However, it noted that operating profit and ordinary income remained unchanged due to cost reductions from productivity improvements, operational efficiencies, and pricing adjustments. Net profit, however, rose due to a combination of a one-time special loss from asset disposal being offset by gains from the sale of a portion of its equity securities and a lower effective tax rate.
The revised forecast suggests improved profitability despite lower sales, which may enhance the company’s ability to return value to shareholders through dividends.