Citizen Watch Co, Ltd.

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Citizen Watch raises full-year net profit forecast to 32 billion yen

Citizen Watch on the 14th revised upward its consolidated net profit forecast for the fiscal year ending March 2027 to 32 billion yen, up 2.9% year on year, from the previous forecast of 27.5 billion yen. Sales in the watch business and machine tool business exceeded plans, and the device business also performed well, with the result exceeding the average analyst forecast of 29.8 billion yen compiled by IBES from six analysts. The company also raised its annual dividend forecast to 53 yen from the previous forecast of 50 yen, compared with 47 yen paid in the prior year. First-quarter net profit for April to June fell 2.9% year on year to 8.9 billion yen, but in the mainstay watch business the Citizen and Bulova brands performed well, mainly in the North American market, while in the machine tool business robust semiconductor-related demand continued at home and abroad, and aircraft-related orders also increased in North America and Europe.

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Mentions of rare earths in Japanese corporate filings surge since May, as China's restrictions seen as a risk

An analysis by Reuters has found that the number of Japanese listed companies mentioning rare earths in their annual securities reports and other filings has surged since May this year, with the scope also broadening. Until April, the number of companies making such mentions was below 40 in most months, but it rose to 86 in May and 105 in June, doubling compared to the same period a year earlier. More than two-thirds of these companies stated that there is an impact on their performance or business activities, or that such an impact could materialize in the future. Until April, mentions were mainly concentrated in capital goods such as machinery and materials-related sectors, but from May onward they spread to general consumer goods and electronics-related sectors, with Citizen Watch and Omron also listing it as a risk factor. China introduced export restrictions on heavy rare earths and magnets in April 2025, and strengthened restrictions targeting Japan in January this year. Customs data shows that exports of terbium and dysprosium oxide to Japan have been halted since November last year.

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