Tamura Corporation has revised upward its ordinary profit forecast for the current fiscal year and aims to set a record high profit for the first time in 26 fiscal years. Cumulative second-quarter ordinary profit expanded to ¥3.23 billion, and the full-year plan changed from ¥5.8 billion to ¥6.7 billion.
Tamura Corporation disclosed its earnings during the afternoon session on 9 November. Consolidated ordinary profit for the cumulative second quarter (April-September) was ¥3.23 billion, up 25.6% year on year.
The full-year ordinary profit forecast was revised upward, changing from ¥5.8 billion to ¥6.7 billion, and the profit growth rate expanded, changing from 18.9% to 37.3%. A record high profit is expected for the first time in 26 fiscal years.
Based on the first-half results and second-half plan announced by the company, consolidated ordinary profit for the October-March period is expected to expand to ¥3.46 billion, up 50.4% year on year.
Ordinary profit for the July-September period, the latest three-month results, was ¥2.13 billion, up 29.1% year on year. The operating profit margin improved, changing from 5.8% to 6.3%.