Tsubaki: Raises FY2027 operating profit forecast to ¥26.6bn

Tsubaki raised its forecasts for revenue, operating profit and ordinary profit, while leaving its net profit forecast unchanged. Compared with the previous fiscal year's results, revenue, operating profit and ordinary profit are expected to increase, while net profit is projected to decline.

The forecasts cover the full fiscal year ending March 31, 2027, from April 1, 2026. Compared with the previous forecast, revenue is up 1.4%, operating profit 4.3% and ordinary profit 7.7%. The net profit forecast is unchanged, but remains below the previous fiscal year's result.

Tsubaki said revenue, operating profit and ordinary profit are now expected to exceed its previous forecasts, partly because the yen has been weaker than assumed at the start of the fiscal year.

• Foreign exchange: The yen has traded weaker than the company assumed at the start of the fiscal year.
• Mobility business: Business related to motorcycles has performed well.

Currency movements and strength in the motorcycle business contributed to the higher profit forecasts. Tsubaki said its projections are based on information available at the time of the announcement, and actual results may differ due to various factors.

Forecast earnings per share are ¥217.39, down from ¥218.17 in the previous forecast and below the previous fiscal year's ¥295.80.

The expected decline in net profit from the previous fiscal year is an important consideration alongside the higher forecasts for revenue and operating profit. Tsubaki did not explain why it kept its net profit forecast unchanged or lowered its earnings-per-share estimate.