Kyowa Leather Cloth reports FY2026 net profit decline
Updated
Updated · MarketWatch · May 8
Kyowa Leather Cloth reports FY2026 net profit decline
2 articles · Updated · MarketWatch · May 8
The Japanese company posted net profit of Y655 million for the year ended 31 March, versus Y1.10 billion a year earlier, with earnings per share falling to Y27.51 from Y46.10.
Revenue slipped to Y55.82 billion from Y56.40 billion, while operating profit dropped to Y920 million from Y2.14 billion and pretax profit fell to Y1.01 billion from Y1.68 billion.
The results were prepared under Japanese accounting standards, showing weaker profitability across the income statement in FY2026 despite only a modest decline in annual revenue.
Can Kyowa Leather's India expansion plan succeed while its core business is in sharp decline?
Why is a top synthetic leather maker's profit plummeting while its market is projected to boom?