FINE SINTER significantly cut its current-year ordinary profit forecast from its previous estimate, and now expects a 52.3% decline in profit. The company announced that cumulative ordinary profit for the first half would fall sharply year on year, while the second half is expected to return to profitability.
FINE SINTER released its financial results on 28 October, revealing that consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2027 (April-September) had plunged to ¥26 million.
At the same time, the company revised its full-year ordinary profit forecast downward 55.0%, from ¥800 million to ¥360 million, with the year-on-year decline in profit now expected to be 52.3%.
Based on first-half results and the second-half plan, the company indicated that consolidated ordinary profit for the October-March period is expected to amount to ¥334 million.
For the most recent three months, consolidated ordinary profit for the July-September quarter fell 88.1% year on year to ¥103 million, while the operating profit margin on sales deteriorated sharply from 8.1% to 2.0%.