NITTOC CONSTRUCTION raised its full-year ordinary profit forecast by 9.1% from its previous forecast to ¥6.0 billion. Ordinary profit increased substantially year on year in the six months through September, and second-half ordinary profit is expected to be ¥3.47 billion.
NITTOC CONSTRUCTION announced its financial results on 9 November. It raised its full-year ordinary profit forecast by 9.1%, from the previous forecast of ¥5.5 billion to ¥6.0 billion.
Ordinary profit for the six months through September was ¥2.52 billion, up 35.5% year on year. Ordinary profit for the latest three months, July–September, was ¥1.69 billion, while the profit margin on sales improved to 8.2%.
For the second half of the fiscal year, ordinary profit for October–March is estimated at ¥3.47 billion, representing an expected decline of approximately 16.7% year on year. In addition, a comparison of first-half results with the previous forecast shows that the revised full-year profit represents an increase from the previous fiscal year's actual result of ¥6.03 billion.