河合楽器製作所 revised its current-period ordinary profit forecast down from ¥1.9 billion to ¥900 million. It disclosed results through the second quarter and its outlook for the second half.
On 12 November 2024, 河合楽器製作所 released its earnings report and announced that it had revised its consolidated ordinary profit forecast for the current period down 52.6%, from ¥1.9 billion to ¥900 million. Although a substantial year-on-year decline in profit is expected, the company also disclosed its first-half results and second-half plan.
Consolidated ordinary profit for July-September (the second quarter) was ¥170 million, down 37.8% year on year, while the operating margin on sales improved from 0.5% a year earlier to 0.9%. Based on this, the second-half plan for October-March was estimated at ¥870 million.
Revenue for the full-year plan remains undisclosed, but ordinary profit was revised downward based on first-half results and comparison with the previous forecast. No changes to the final profit measure or per-share dividend were indicated.