きんでん raised its ordinary profit forecast for the current fiscal year from the previous forecast and indicated that annual record profit is expected to increase further. It also said that 弘電社 would newly be included in the scope of consolidation and raised its second-half outlook.
きんでん announced consolidated ordinary profit of ¥42.6 billion for the cumulative second quarter (April-September), up 25.4% year on year. The previous forecast was ¥36.0 billion.
The full-year consolidated ordinary profit forecast was raised from ¥96.0 billion to ¥105.0 billion, with the growth rate expected to expand to approximately 11.1%. This further raises the forecast for a record profit for the third consecutive fiscal year.
Based on first-half results and the second-half plan, ordinary profit for October-March is calculated at ¥62.3 billion, up 3.1% year on year. Ordinary profit for July-September was ¥27.1 billion, and the operating margin on revenue improved to 14.5%.
The company explained that productivity improvements, cost reductions and the inclusion of 弘電社 in the scope of consolidation were factors behind the upside in revenue and each profit measure.