On 30 October, Aichi Electric revised its current-period ordinary profit forecast upward from the previous forecast and raised its full-year forecast to ¥15.0 billion. It also increased its annual dividend to ¥320.
Consolidated ordinary profit for the cumulative second quarter (April–September) was ¥7.21 billion, up 32.5% year on year. It exceeded the previous forecast of ¥5.6 billion.
The full-year ordinary profit forecast was revised upward by 11.1%, from ¥13.5 billion to ¥15.0 billion, with the growth rate also increasing from 13.2% to 25.8%. The forecast for record profit, already set to continue for 3 consecutive fiscal years, was raised further.
Ordinary profit for the July–September quarter (2Q) was ¥4.44 billion, up 52.6% year on year. The operating profit margin on sales improved from 8.5% to 11.4%.
The annual dividend for the current fiscal year was revised upward from ¥280 to ¥320.
Based on the latest outlook for the second half, the calculation implies ordinary profit of ¥7.78 billion for the October–March period.