日本電技 announced its results for the first half of fiscal 2024 (April-September), reporting consolidated ordinary profit of ¥4.84 billion, up 12.8% year on year. Progress toward the full-year plan reached 38.2%.
日本電技 released its results for the cumulative second quarter of fiscal 2024 (April-September), or the first half. Consolidated ordinary profit was ¥4.84 billion, an increase of 12.8% year on year. As sales were not disclosed, ordinary profit and progress toward the full-year plan are presented as the key metrics. The full-year plan is ¥12.7 billion, and first-half progress reached 38.2%, exceeding the five-year average of 25.7%.
For the latest three months, consolidated ordinary profit in the second quarter (July-September) was ¥2.93 billion, down 0.3% year on year. The operating margin on sales fell from 28.1% to 25.2%, indicating a slowdown in profitability.
Based on first-half results and the unchanged full-year plan, the company estimated consolidated ordinary profit for the second half (October-March) at ¥7.85 billion. This represents an increase of 0.3% year on year, indicating an outlook for virtually flat profit in the second half.
For the current fiscal year's earnings forecast, sales in the second half are projected at ¥2,770.3 billion, while operating profit is expected to be ¥768.1 billion, ordinary profit ¥782.9 billion and net profit ¥547.4 billion. The revised dividend per share is ¥20, and overall results are expected to increase slightly from the previous fiscal year.