Nippon Air Conditioning Service's consolidated ordinary profit for the first half (April–September) rose 21.5% year on year to ¥2.98 billion, reaching 53.3% of the full-year plan. Ordinary profit for the most recent 3-month period (July–September) was ¥1.59 billion, up 6.1% year on year.
Nippon Air Conditioning Service reported consolidated ordinary profit of ¥2.98 billion for the first half (April–September), up 21.5% from the year-earlier period. Sales and operating profit figures are stated in the main article, while ordinary profit came in above the initial forecast.
Progress against the full-year plan was 53.3%, above the 5-year average of 37.3%. For the second half (October–March), ordinary profit is expected to decline 1.3% year on year to ¥2.61 billion.
Based on the financial results for the July–September quarter, ordinary profit rose 6.1% year on year to ¥1.59 billion, while the operating margin was broadly flat at 9.5%.
Following the first-half results, the market may focus on the outlook for the second-half results and whether the full-year forecast will be revised.