OHARA reported ordinary profit of ¥1,976 million for the cumulative third quarter and raised its current-year ordinary profit forecast to ¥2,500 million. Its second-half forecast and full-year outlook have also been revised.
Results for the cumulative third quarter were released, showing sales of ¥20,838 million, operating profit of ¥1,659 million, ordinary profit of ¥1,976 million and net profit of ¥1,173 million. Revised earnings per share were ¥48.2, the progress rate was 76.4%, and the announcement date was 13 September 2024.
In the revision to the second-half forecast, the previous plans for sales of ¥16,769 million, ordinary profit of ¥1,367 million and net profit of ¥947 million, among other figures, were revised upward to new plans of ¥18,569 million, ¥1,667 million and ¥1,147 million, respectively. The revisions represented increases of 10.7% for sales, 21.9% for ordinary profit and 21.1% for net profit.
For the current fiscal year, the previous plans for sales of ¥31,900 million, ordinary profit of ¥2,200 million and net profit of ¥1,400 million, among other figures, were raised to new plans of ¥33,700 million, ¥2,500 million and ¥1,600 million, respectively. The revision rates were stated as +13.6% for ordinary profit and +14.3% for net profit, among others.
Revision information for all three periods was provided, and the current-year ordinary profit forecast has shifted to growth. The 3Q results and full-year outlook figures are both based on data disclosed in the earnings summary.