NS UNITED KAIUN KAISHA, LTD. has revised up its ordinary profit forecast for the current fiscal year. Ordinary profit for the first-half cumulative period (April-September) came to ¥17.0 billion, and the full-year forecast is expected to be raised from the previous ¥25.3 billion to ¥30.7 billion, representing a 21.3% upward revision.
NS UNITED KAIUN KAISHA, LTD. released its earnings results after the close of trading on 30 October, reporting consolidated ordinary profit of ¥17.0 billion, up 2.0x year on year. Accordingly, it raised its full-year ordinary profit forecast from the previous ¥25.3 billion to ¥30.7 billion.
Following this upward revision, the projected year-on-year increase in ordinary profit for the fiscal year is expected to expand from 20.2% to 45.9%. Based on the company’s first-half results and second-half plan, we estimate consolidated ordinary profit for the second half at ¥13.6 billion, up 8.5% year on year.
Consolidated ordinary profit for the July-September quarter, the latest three-month period, increased 77.1% year on year to ¥9.87 billion, while the operating profit margin on sales improved sharply from 9.7% to 14.9%.
The revised earnings outlook for the current fiscal year was presented based on figures from the earnings summary PDF and the flash earnings report. Kabutan News reported the announcement.