AUTOBACS SEVEN's consolidated ordinary profit for the first half (April-September) was ¥4.92 billion, down 10.2% year on year, while ordinary profit for the July-September quarter was ¥2.24 billion, down 7.6% year on year. Progress against the full-year plan was 32.8%, and ordinary profit for the second half is estimated to reach ¥10 billion.
AUTOBACS SEVEN announced its financial results, reporting consolidated ordinary profit of ¥4.92 billion for the first half (April-September), down 10.2% year on year. Trends in sales and profit margins remained broadly flat during the period.
Progress against the full-year plan based on first-half results was 32.8%, almost in line with the five-year average of 32.1%.
Consolidated ordinary profit for the July-September quarter was ¥2.24 billion, down 7.6% year on year. The operating profit margin on sales was 3.8%, little changed from 3.7% in the same period of the previous year.
Looking ahead, consolidated ordinary profit for the second half is expected to increase to ¥10 billion, with the underlying plan left unchanged.