Mitsuboshi Belting expanded consolidated ordinary profit for the cumulative second quarter of the current fiscal year to ¥7.14 billion and raised its full-year profit forecast to ¥11.8 billion. The company is now expected to post a record profit for the first time in four fiscal years.
In its earnings announcement during the afternoon session on 9 November, Mitsuboshi Belting reported consolidated ordinary profit of ¥7.14 billion for the cumulative second quarter of the fiscal year ending March 2027 (April–September), up 40.7% from the same period a year earlier and above its previous forecast of ¥5.7 billion.
At the same time, the company revised its full-year ordinary profit forecast upward by 20.4%, from ¥9.8 billion to ¥11.8 billion. Profit is now expected to rise 15.9% this fiscal year, raising the prospect of a record profit for the first time in four fiscal years.
Comparing the first-half results and second-half outlook with the company's announcement, second-quarter figures were supported by higher sales and improved margins. Ordinary profit for the July–September quarter increased 38.4% year on year to ¥3.34 billion, while the operating profit margin on sales improved from 9.4% to 12.9%.
Based on results for the most recent 3 months, the revised forecast for this fiscal year has been raised to ordinary profit of ¥11.8for billion and net profit of ¥1.15 billion. Mitsuboshi Belting is aiming to set a record profit for the first time in four fiscal years.