NTN's first-half consolidated ordinary profit for fiscal 2024 rose approximately 39.8% year on year to ¥12.2 billion, reaching 58.1% of the full-year plan of ¥21.0 billion. In the latest July-September quarter, ordinary profit was ¥5.85 billion, up approximately 23.0% year on year, while revenue was ¥413,579 million and operating profit was ¥17,371 million.
NTN released its consolidated financial results for the first half (April-September) on 30 October. Ordinary profit rose 39.8% year on year to ¥12.2 billion, while revenue was ¥413,579 million and operating profit was ¥17,371 million. As a result, progress against the full-year plan of ¥21.0 billion stood at 58.1%.
In the latest three-month period (July-September), ordinary profit increased to ¥5.85 billion, while the revenue margin improved from 2.9% to 4.5%. As a result, the full-year outlook may fall below the initial forecast, and the subsequent earnings trend is drawing attention.