JAPEX announced its earnings during the afternoon session on 6 August. It raised its full-year ordinary profit forecast from ¥45.0 billion to ¥46.0 billion, narrowing the expected decline. First-quarter ordinary profit, however, fell sharply year on year to ¥5.77 billion.
JAPEX announced its earnings during the afternoon session on 6 August. Consolidated ordinary profit for the April–June quarter was ¥5.77 billion, down 72.3% year on year. Revenue was ¥89,465 million, operating profit was ¥12,948 million and net profit was ¥11,493 million.
The full-year ordinary profit forecast was revised upward from ¥45.0 billion to ¥46.0 billion, a 2.2% increase. The previous year's actual result was ¥61.5 billion, and following the revision, the expected decline is now projected to narrow from 26.9% to 25.3%.
Detailed first-half and full-year forecasts were provided. First-half revenue is projected at ¥168,140 million, operating profit at ¥25,507 million, ordinary profit at ¥32,937 million and net profit at ¥27,055 million. The revised full-year outlook calls for revenue of ¥314,000 million and ordinary profit of ¥46,000 million, among other figures, representing an improvement from the initial outlook.