HORIBA Manufacturing raised its ordinary profit forecast for the current fiscal year and increased its record-profit forecast. The full-year plan was revised to reflect improved cumulative results through the third quarter and a better second-half outlook.
On 13 November, HORIBA Manufacturing announced consolidated ordinary profit of ¥52.1 billion for the cumulative third quarter of the fiscal year ending December 2026 (January-September), up 51.8% year on year, at the same time as it released its earnings report. It then raised its full-year ordinary profit forecast from the previous ¥71.0 billion to ¥74.0 billion, increasing the forecast growth rate from 30.9% to 36.5%. This further increased its forecast for a record-high profit.
For the second-half outlook, ordinary profit for the July-December period was raised 7.6% from the previous forecast of ¥39.5 billion to ¥42.5 billion. As ordinary profit was ¥31.6 billion in the same period of the previous year, the second-half growth rate is expected to increase to 34.3%.
In the latest 3 quarters, ordinary profit for the July-September quarter increased 75.3% year on year to ¥20.7 billion, while the gross profit margin on revenue improved from 14.3% to 19.8%. These figures form the basis for the full-year forecast revision.