artience announced its earnings after the market close on 13 November. Current-year ordinary profit increased substantially year on year to ¥21.9 billion, and the full-year forecast was raised from ¥22.5 billion to ¥27.5 billion. However, the net profit forecast was lowered from ¥21.0 billion to ¥19.0 billion.
Consolidated ordinary profit for the cumulative third quarter of the current fiscal year was ¥21.9 billion, up 51.8% year on year. Revenue was ¥260,187 million, operating profit was ¥15,797 million and net profit was ¥12,622 million. Through the third quarter, revenue and ordinary profit remained above the levels of the previous year.
The full-year ordinary profit forecast was raised from the previous ¥22.5 billion to ¥27.5 billion, with the growth rate expected to increase from 7.7% to 31.7%. Meanwhile, the full-year net profit forecast was lowered from ¥21.0 billion to ¥19.0 billion, resulting in a different profit structure.
The second-half earnings forecast was also revised substantially. Ordinary profit for the July-December period was raised from the previous forecast of ¥7.87 billion to ¥12.8 billion, which is calculated to exceed the ¥12.2 billion recorded in the same period of the previous year. Third-quarter ordinary profit increased year on year to ¥7.31 billion, and the profit margin on revenue improved to 7.7%.