シチズン時計 raised its current-period ordinary profit forecast to ¥55.5 billion from the previous ¥43.5 billion. Ordinary profit for the first half expanded to ¥30.9 billion.
Consolidated ordinary profit for the first half of the current fiscal year (April–September) expanded 91.0% YoY to ¥30.9 billion, while the operating margin on sales improved sharply from 9.9% to 17.7%.
The full-year ordinary profit forecast was revised upward to ¥55.5 billion from the previous ¥43.5 billion, raising the expected growth rate to 44.3%. This adds to the previous forecast for a record profit, the highest in 22 fiscal years.
Based on the latest three months, ordinary profit for July–September was ¥19.1 billion, up 91.1% YoY.