新日本建設 raised its current-year ordinary profit forecast from the previous projection and lifted its record-high profit forecast. Consolidated ordinary profit for April-September was ¥10.2 billion, up 39.1% from the same period a year earlier, and the full-year forecast was raised 5.0% from ¥26.0 billion to ¥27.3 billion.
新日本建設 announced its earnings in the afternoon of 12 November, reporting consolidated ordinary profit of ¥10.2 billion for April-September, up 39.1% from the same period a year earlier. Revenue was ¥54,619 million, operating profit was ¥6,295 million and net profit was ¥4,353 million.
The full-year ordinary profit forecast was raised from ¥26.0 billion to ¥27.3 billion, compared with actual profit of ¥20.7 billion in the previous fiscal year. The expected profit growth rate increased from the previous forecast, adding to the record-high profit forecast for the sixth consecutive fiscal period.
Based on first-half results and the full-year plan, ordinary profit for the second half, October-March, is expected to be ¥17.0 billion, up 27.2% from the same period a year earlier. Ordinary profit for July-September was ¥6.23 billion, while the operating margin on revenue rose sharply from 11.7% to 18.3%.