Ahresty, the Tokyo Prime-listed die-casting and aluminium parts maker, expects to sell more this year and earn far less. In a guidance revision dated 29 September 2026, it raised its forecast for consolidated sales in the year to March 2027 to ¥180.8bn from the ¥161.6bn it set on 20 May, and cut its operating profit forecast to ¥300mn from ¥1.4bn.
| Measure | May forecast | Revised forecast | Year to March 2026 actual |
|---|---|---|---|
| Sales | ¥161.6bn | ¥180.8bn | ¥167.09bn |
| Operating profit | ¥1.4bn | ¥300mn | ¥3.74bn |
| Ordinary profit (loss) | ¥800mn profit | ¥800mn loss | ¥2.87bn profit |
| Net profit attributable to parent | ¥500mn | Undetermined | ¥3.58bn |
Why sales rise while profit falls
Ahresty attributes the higher sales forecast to price revisions that followed increases in energy and labour costs, higher selling prices that track raw material costs, and currency translation from a weaker yen. Lower orders from some major customers at its China plant partly offset these.
Operating profit moves the other way. Ahresty cites the drop in China orders, weaker profitability in North American die-casting, and an aluminium ingot price effect that exceeded its assumptions. Ordinary profit falls further, to a forecast loss of ¥800mn, because Ahresty booked a foreign-exchange loss under non-operating expenses from revaluing foreign-currency receivables and payables.
The segment forecasts show where the strain sits. North American die-casting is now expected to lose ¥1.5bn at the segment level, against a ¥400mn profit forecast in May, on sales of ¥56.9bn. Asian die-casting is forecast to lose ¥700mn, against a break-even forecast, on sales of ¥33.8bn. Japanese die-casting moves the other way, with segment profit forecast at ¥1.5bn against ¥400mn and sales of ¥76.8bn. The aluminium business (¥550mn) and the finished-products business (¥450mn) are also forecast above their May profit levels.
A weaker first half
For the six months to 30 September 2026, Ahresty now expects sales of ¥87.8bn, up from ¥80bn in its May forecast and ¥82.09bn a year earlier. It expects an operating loss of ¥1.2bn, wider than the ¥800mn loss it forecast in May, against a ¥1.804bn operating profit in the same period a year earlier. The interim net loss forecast widens to ¥1.9bn from ¥700mn, or ¥76.18 a share.
Part of that net widening is a ¥540mn special retirement payment tied to rationalising production at the China plant. Ahresty had expected to book it in the second half and recorded it in the first quarter instead.
The number still missing
Ahresty has left full-year net profit and earnings per share as undetermined. It says it is closely examining the valuation of fixed and other assets in its Asian and North American die-casting businesses, and will publish a figure promptly once a reasonable calculation is possible. The notice gives no amount or date for that review. Ahresty's May forecast was a ¥500mn net profit.
The dividend forecast is unchanged at ¥34 a share, made up of ¥10 at the interim and ¥24 at the year-end. Ahresty's exchange-rate assumptions for the third quarter onward are also unchanged, at ¥155.0 to the dollar, ¥22.0 to the yuan and ¥1.70 to the Indian rupee.