Seikagaku Corporation (4548) cut its forecast for the fiscal year ending March 2027, now projecting a consolidated net loss of ¥1.8 billion versus a previously forecast profit of ¥2.25 billion, and lowered its annual dividend forecast to ¥20 from ¥30.
Seikagaku said on Sept. 24 that royalty revenue is expected to decline sharply. It now sees net sales for the fiscal year (April 1, 2026-March 31, 2027) at ¥37.1 billion, down 11.4% from its May 13, 2026, forecast of ¥41.85 billion.
Operating results were revised to a loss of ¥2.05 billion from a profit of ¥2.05 billion, and ordinary profit was cut 95.2% to ¥200 million from ¥4.2 billion. Earnings per share are now projected at a loss of ¥32.96, compared with a previously forecast profit of ¥41.21.
| Item | Previous | Revised | FY to March 2026 actual |
|---|---|---|---|
| Net sales | ¥41.85 billion | ¥37.1 billion | ¥36.645 billion |
| Operating profit | ¥2.05 billion | -¥2.05 billion | -¥660 million |
| Ordinary profit | ¥4.2 billion | ¥200 million | ¥1.679 billion |
| Net profit | ¥2.25 billion | -¥1.8 billion | ¥1.473 billion |
The company also issued a non-consolidated forecast for the first time, saying the gap between its expected results and the previous year's actual figures met timely-disclosure thresholds. It expects parent-only sales of ¥22.0 billion, down 6.8%, an operating loss of ¥3.6 billion, an ordinary loss of ¥900 million and a net loss of ¥2.45 billion, compared with net profit of ¥737 million a year earlier.
Seikagaku lowered its second-quarter-end and year-end dividend forecasts to ¥10 each from ¥15, bringing the annual payout to ¥20 from ¥30, citing the earnings forecast revision. It paid an annual dividend of ¥30 for the year ended March 2026.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
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