大崎電気工業 cut its ordinary profit forecast for the current fiscal year by 22.2%, from the previous forecast of ¥8.1 billion to ¥6.3 billion. Ordinary profit for the October–March second half is projected at ¥3.54 billion, representing an expected decline from the same period of the previous fiscal year.
大崎電気工業 released its earnings report on 5 November. Consolidated ordinary profit for the six months ended September increased year on year, but the company revised its full-year outlook.
The new full-year ordinary profit forecast is ¥6.3 billion, a 22.2% downward revision against the previous fiscal year's actual result of ¥6.56 billion. As a result, the outlook for the current fiscal year has shifted to a decline in profit.
Based on first-half results and plans for the remainder of the fiscal year, second-half ordinary profit was estimated at ¥3.54 billion, down 24.6% from the same period of the previous fiscal year.
For the most recent three months, consolidated ordinary profit for July–September was ¥630 million, while the operating profit margin on sales deteriorated to 3.3%.