IDEC raised its full-year forecasts for the year to March 2027 on 2 October, lifting sales by 12.6% and operating profit by 30.6% against the guidance it gave on 14 May. The board approved the revision the same day. The percentages measure the change from the earlier forecast, not growth on last year.
What moved
The company now expects sales of ¥85.0bn, up from ¥75.5bn. Operating profit is guided at ¥9.4bn, against ¥7.2bn before, and ordinary profit at ¥8.95bn, against ¥6.75bn. Profit attributable to owners of the parent rises to ¥8.6bn from ¥6.0bn, a 43.3% upward revision. Forecast earnings per share go to ¥290.46 from ¥203.25.
For the year to March 2026, IDEC reported sales of ¥72.97bn, operating profit of ¥6.12bn and attributable profit of ¥3.87bn, with earnings per share of ¥131.22. The new guidance sits above all of those figures.
Where the extra sales come from
IDEC attributes the upgrade to demand. Its notice says the global economy remains unclear because of Middle East tensions, higher energy prices and supply-chain concerns, but that capital spending demand, centered on AI and digital-related fields, is expanding. Within the group, demand for semiconductor, robot and machine-tool applications has been firm across all regions, centered on Japan and China, and sales are now expected to exceed the original assumption. The company says profit also beats its assumption because of the higher sales. That explanation is IDEC's own and covers its group only.
The regional split shows Japan with the larger percentage revision, though overseas adds slightly more in yen. Domestic sales are guided at ¥30.1bn, up 18.5% from the prior forecast of ¥25.4bn, an increase of ¥4.7bn. Overseas sales are guided at ¥54.9bn, up 9.6% from ¥50.1bn, an increase of ¥4.8bn.
By product, the HMI business takes the largest share of the increase.
| Business | May forecast | Revised forecast | Change |
|---|---|---|---|
| HMI | 35,200 | 41,000 | +16.5% |
| Industrial components | 13,000 | 14,700 | +13.1% |
| Automation and sensing | 8,800 | 9,000 | +2.3% |
| Safety and explosion-proof | 13,400 | 15,200 | +13.4% |
| Systems | 5,100 | 5,100 | No change |
Automation and sensing is revised only modestly, and systems is unchanged at ¥5.1bn.
Dividend and caveats
The dividend forecast is unchanged: ¥65 per share at the interim and at the year-end, or ¥130 for the year.
The figures are forward-looking. IDEC notes that actual results may differ significantly because they rest on information it holds now and on assumptions it considers reasonable. The notice gives no profit forecasts by segment or region, so it does not show which businesses carry the higher margin.