SCAT revised its forecast for current fiscal-year consolidated ordinary profit down 41.5% from its previous forecast to approximately ¥117 million for the full year. At the same time, it raised its annual dividend from ¥14 to ¥14.5.
SCAT announced its results after the market close on 11 September, reporting consolidated ordinary profit of ¥135 million for the cumulative third quarter, including November 2023-July 2024, down 8.8% year on year. Accordingly, its full-year ordinary profit forecast was revised down from the previous forecast of ¥200 million to ¥117 million.
Based on the revised full-year plan, the outlook for consolidated ordinary profit for May-October was also sharply reduced from the previous forecast of ¥96 million to ¥13 million, with the decline expected to widen to approximately 87%.
For the most recent three-month period, ordinary profit for May-July was ¥31 million, down 42.6% year on year, while the operating profit margin on sales deteriorated from 8.4% to 4.6%.
At the same time, the annual dividend for the current fiscal year was revised up from the previous plan of ¥14 to ¥14.5.