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NTN ( (JP:6472) ) has provided an announcement.
NTN Corporation has raised its earnings forecast for the fiscal year ending March 31, 2026, citing stronger-than-expected sales volumes and favorable foreign exchange movements. The company now expects net sales of ¥820 billion, operating income of ¥30 billion, ordinary income of ¥22 billion, and profit attributable to owners of the parent of ¥11 billion, reversing the previously projected net loss into a profit.
The revised outlook marks a notable turnaround from the prior year’s substantial loss, helped by the depreciation of the yen, improved foreign exchange gains and lower income tax expenses in the Japan segment. These upgrades suggest a recovery in NTN’s profitability and operational momentum, potentially improving its financial standing and competitiveness in the global bearings market.
The most recent analyst rating on (JP:6472) stock is a Buy with a Yen370.00 price target. To see the full list of analyst forecasts on NTN stock, see the JP:6472 Stock Forecast page.
More about NTN
NTN Corporation is a Japan-based manufacturer specializing in bearings and related precision components, serving automotive, industrial machinery, and other equipment markets worldwide. The company is listed on the Tokyo Stock Exchange’s Prime Market and is exposed to foreign exchange fluctuations due to its global operations.
Average Trading Volume: 3,253,680
Technical Sentiment Signal: Buy
Current Market Cap: Yen204.7B
For an in-depth examination of 6472 stock, go to TipRanks’ Overview page.