Kurimoto, Ltd. raised its current-year ordinary profit forecast from the previous ¥7.8 billion to ¥8.6 billion. The company now expects ordinary profit to grow 3.4% year on year, reversing its previous outlook for a decline, while first-quarter ordinary profit rose 75.2% year on year to ¥1.8 billion.
Kurimoto, Ltd. reported its earnings after the afternoon session on 6 August, posting consolidated ordinary profit of ¥1.8 billion for the April-June 2027 quarter, up 75.2% year on year.
The company raised its current-year ordinary profit forecast from the previous ¥7.8 billion to ¥8.6 billion. With ordinary profit of ¥8.31 billion in the previous fiscal year, the company now expects profit to grow 3.4%.
At the same time, its ordinary profit forecast for the April-September period was raised from ¥2.6 billion to ¥3.5 billion, compared with ¥3.31 billion in the same period of the previous year.
For the latest three months, the operating profit margin on sales improved to 6.3% from 4.0% in the same period of the previous year.