Meiji Holdings reported consolidated ordinary profit of ¥50.8 billion for the cumulative first half of fiscal 2024 (April–September), up 22.1% year on year. Progress against the full-year plan was 50.3%, below the five-year average of 53.5%.
Meiji Holdings announced its first-half results on 12 November. Consolidated ordinary profit was ¥50.8 billion, an increase of approximately 22.1% year on year. Progress against the full-year plan set at the beginning of the fiscal year was 50.3%.
For the latest three-month period, consolidated ordinary profit for July–September increased 10.1% year on year to ¥26.0 billion, while the operating profit margin on sales improved from 7.7% to 8.2%.
Based on its first-half results and previous forecast, the company calculated second-half consolidated ordinary profit at ¥50.1 billion, which is expected to decline approximately 8.7% year on year.