Meidensha raises FY3/26 operating profit guidance to ¥22.5bn By Investing.com

Meidensha, a Japanese conglomerate, has revised its profit outlook for the fiscal year ending in March 2026, setting a new operating profit guidance of 22.5 billion yen, a 5% increase from the previous year. However, this target falls short of market expectations of 23.3 billion yen, potentially impacting the company's stock price. The company has cut its operating profit target for its Mobility and Electrical Components division due to weaker-than-expected sales for electric vehicle parts, now projecting a loss of 2.4 billion yen. On a positive note, Meidensha has raised its profit expectations for its Power Infrastructure and Field Service Engineering divisions. The company attributes delays in key projects and labor shortages to its revised guidance, highlighting the challenges it faces in navigating the coming year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.