Nippon Signal's consolidated ordinary profit for the first half of fiscal 2024 was ¥4.11 billion, up approximately 63.8% year on year, with progress against the full-year plan of ¥13.2 billion at 31.2%, above the five-year average. Ordinary profit for the second half is expected to be estimated at approximately ¥9.08 billion, while second-quarter profit was ¥1.96 billion, down year on year.
Nippon Signal announced its cumulative second-quarter results on the afternoon of 10 November, reporting consolidated ordinary profit of ¥4.11 billion for the first half, up 63.8% year on year. Sales increased from the previous period, and based on first-half results and the unchanged full-year plan, second-half consolidated ordinary profit was calculated at ¥9.08 billion, down 13.6% year on year.
For the latest 3 months, July–September, consolidated ordinary profit was ¥1.96 billion, down 13.9% year on year, while the operating margin on sales deteriorated from 8.6% to 8.3%.
The company had previously disclosed its forecast for the current fiscal year, which assumed second-half sales of ¥68,957 million, operating profit of ¥8,258 million, ordinary profit of ¥9,083 million and net profit of ¥6,986 million, among other figures, based on its second-half outlook. Actual future results may change depending on new disclosures.