松尾電機 upwardly revised first-half ordinary profit from the previous forecast of ¥270 million to ¥400 million, and raised the full-year forecast to ¥860 million. The current fiscal year's revised figures also include an upward revision to revenue and earnings per share, among other items.
松尾電機 upwardly revised its ordinary profit forecast for the cumulative second quarter (April–September) on the afternoon session of 9 November, from the previous forecast of ¥270 million to ¥400 million. The company is expected to maintain substantial year-on-year profit growth.
Full-year ordinary profit was also upwardly revised from the previous forecast of ¥750 million to ¥860 million, with the profit growth rate expected to expand from 32.0% to 51.4%.
Under the current fiscal year's revisions, first-half revenue was revised to ¥3,044 million, operating profit to ¥423 million, ordinary profit to ¥403 million and net income to ¥305 million. Revised earnings per share is ¥79.6. The basis for the full-year revisions is said to include the effect of revising selling prices in response to higher raw material costs and productivity gains from investments in automation.