In earnings announced on 30 October, ShinMaywa Industries raised its full-year ordinary profit forecast by 3.2% from the previous forecast. Ordinary profit for the latest cumulative second quarter was ¥6.49 billion, a substantial increase year on year.
ShinMaywa Industries reported consolidated ordinary profit of ¥6.49 billion for the cumulative second quarter (April–September), up 62.5% year on year. Revenue was as stated, while ordinary profit for July–September was ¥3.76 billion, up 50.4% year on year, and the operating margin improved.
The full-year ordinary profit forecast was revised up 3.2% from ¥15.5 billion to ¥16.0 billion, with the expected rate of decline narrowing from 5.0% to 2.0%. Based on this, second-half ordinary profit was estimated at ¥9.5 billion, down 22.9% year on year.
By quarter this fiscal year, ordinary profit in the latest July–September period was ¥3.76 billion, a substantial increase from the same period a year earlier. Revenue was ¥134,524 million, operating profit was ¥6,410 million and net profit was ¥4,285 million. Future earnings trends will be watched for divergence between the initial plan and actual results.