東海リース revised its current-period ordinary profit forecast upward from the previous forecast. Cumulative second-quarter ordinary profit expanded to ¥1.52 billion, and the full-year forecast was raised to ¥2.07 billion. Second-half ordinary profit is also expected to expand to more than twice the year-earlier level.
東海リース announced its earnings on 12 November and revised its consolidated current-period ordinary profit forecast upward to ¥2.07 billion from the previous ¥1.28 billion. Ordinary profit for the first half (April–September) expanded 89.2% YoY to ¥1.52 billion.
Ordinary profit for July–September, the latest three-month period, was ¥1.29 billion, 2.3 times the year-earlier level, while the operating margin on sales rose sharply from 11.1% to 21.0%. Second-half ordinary profit is calculated to expand sharply to ¥540 million, twice the previous fiscal year's level.
Following the full-year forecast upgrade, revised net profit for the current period is expected to increase significantly year on year. The new plan is expected to be reconfirmed based on future progress.