On the 8th, Hayahara Electric Holdings <7467> announced a revision to the full-year financial estimates for the fiscal year ending March 2025 (April 1, 2024 - March 31, 2025) based on recent performance trends.

The consolidated financial forecast for the fiscal year ending March 2025 includes a 5.2% decrease in revenue to 255 billion yen from the previous forecast, an 11.4% decrease in operating profit to 7 billion yen, a 12.7% decrease in ordinary profit to 6.2 billion yen, and a 16.3% decrease in net income attributable to parent company shareholders to 3.85 billion yen. The net income per share for the period was revised to 386.38 yen.

Regarding the performance forecast for the current consolidated accounting period, stagnation in the automotive industry, seen in production adjustments for complete vehicles among the company's major users, as well as the effects of inventory adjustments in industrial equipment-related companies due to stagnant market conditions in China, are expected to lead to a stagnation in demand. Therefore, both the previously announced revenue and profit at each stage have been revised downward. The dividend forecast announced on May 14, 2024 (year-end dividend: 95 yen per share) remains unchanged.