RISO KAGAKU CORPORATION raised its ordinary profit forecast for the current fiscal year. Ordinary profit for the cumulative second quarter rose 18.7% year on year to ¥3.33 billion, and the full-year ordinary profit forecast was raised from the previous ¥5.1 billion to ¥5.6 billion, while ordinary profit for the second half is expected to be ¥2.26 billion.
RISO KAGAKU CORPORATION announced its results after the market close on 5 November, reporting consolidated ordinary profit of ¥3.33 billion for the cumulative second quarter, up 18.7% year on year.
The company raised its full-year ordinary profit forecast from the previous ¥5 billion range to ¥5.6 billion. Ordinary profit was ¥5.87 billion in the previous fiscal year, and the revised forecast calls for a 4.6% decline. Ordinary profit for the second half was consequently estimated at ¥2.26 billion.
Ordinary profit for the July-September quarter, the latest three-month period, was ¥1.61 billion, while the operating margin improved substantially to 8.6% from 5.5% in the same quarter of the previous year.
Compared with the previous forecast, first-half results were revenue of ¥41,550 million, operating profit of ¥3,382 million, ordinary profit of ¥3,335 million and net profit of ¥2,513 million. Revised earnings per share were ¥40.1.