Sekisui House raised its ordinary profit forecast for the current fiscal year by 0.6% from its previous forecast to ¥316.0 billion. First-half ordinary profit increased year on year, while revenue also rose.
Sekisui House announced its earnings on 10 September, reporting consolidated ordinary profit of ¥169.0 billion in the second quarter, up 23.8% year on year.
The full-year ordinary profit forecast was raised by 0.6% from the previous forecast of ¥314.0 billion to ¥316.0 billion, with the expected decline narrowing to 3.6%.
For the latest 3-month period, ordinary profit for May-July rose 7.6% year on year to ¥96.5 billion, while the operating margin improved from 8.5% to 9.9%.
The outlook for the second half indicates that ordinary profit for the August-January period is expected to decrease by ¥146.9 billion, based on the results for the first half.