リフォームテクノロジー revised ordinary profit for the current fiscal year from the previous forecast of ¥450 million to ¥600 million, further raising its record-high profit forecast. Ordinary profit turned positive in the latest second quarter, showing progress against first-half results and the second-half plan.
リフォームテクノロジー disclosed its earnings summary on 13 November. Following a revision to its current-fiscal-year plan, ordinary profit was changed from the previous ¥450 million to ¥600 million, expanding the growth multiple from 2.5x to 3.3x.
Consolidated ordinary income for the cumulative second quarter (April-September) turned a profit of ¥418 million, improving from a loss in the same period of the previous year. Revenue showed an improving trend year on year. In the latest three-month period, ordinary income for July-September was a profit of ¥299 million, while the operating margin improved sharply from -0.3% in the same period of the previous year to 7.5%.
As its forecast for the second half of the current fiscal year, the company estimates consolidated ordinary profit for October-March at ¥182 million, which is expected to decline year on year. Meanwhile, when first-half results are compared with the previous forecast, the revised figures are attracting market attention.
The latest revision was an upward revision to the previous forecast, with the full-year forecast for record-high profit raised further. Attention will be focused on future earnings trends and the company's ability to meet its second-half plan.)
The prior-period and year-on-year comparison items show a return to profitability in the second quarter and a revision from the initial forecast.