コプロ・ホールディングス raised its first-half ordinary profit forecast after the market close on 12 August. The forecast for April–September was raised to ¥1.53 billion, approximately 2.3 times the year-earlier level, while the full-year forecast was also revised to ¥3.42 billion, narrowing the expected decline.
According to the earnings report released on 12 August, first-quarter ordinary profit for April–June rose 36.8% year on year to ¥840 million. Net sales were ¥6,870 million, operating profit was ¥418 million and net profit was ¥265 million.
First-half ordinary profit for April–September was revised upward 2.3 times, from the previous forecast of ¥670 million to ¥1.53 billion, resulting in a forecast for 3.8% growth instead.
Full-year ordinary profit was also revised upward 34.4%, from the previous forecast of ¥2.55 billion to ¥3.42 billion, with the expected decline from the previous fiscal year narrowing. The operating margin on sales for April–June deteriorated to 6.9% from 7.5% a year earlier.