Mitsui High-tec (TYO:6966) lowered financial targets in its medium-term management plan through fiscal 2028, citing slower growth in the electric vehicle market and a delayed recovery in legacy semiconductors, according to a Wednesday filing on the Tokyo Stock Exchange.
The company cut its fiscal 2028 net sales target to 263 billion yen from 310 billion yen and operating profit to 15 billion yen from 23.5 billion yen. It also lowered its ROE goal to 8% or higher from 12%.
Planned capital expenditures for the three-year period were reduced to 96 billion yen from 110 billion yen.
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