ＴＯＴＯ lowered its ordinary profit forecast for the current period by 0.9% and reduced the full-year forecast to ¥58.0 billion. Second-quarter ordinary profit was ¥24.8 billion, up 7.5% year on year.
On 30 October, ＴＯＴＯ announced its cumulative second-quarter results (April-September), reporting consolidated ordinary profit of ¥24.8 billion, up 7.5% year on year. Results turned to an increase in profit, compared with the previous forecast for a 3.9% decline.
Meanwhile, the full-year ordinary profit forecast was lowered by 0.9% from ¥58.5 billion to ¥58.0 billion, and the projected full-year decline in profit widened from 3.6% to 4.4%.
Based on first-half results and the second-half plan, consolidated ordinary profit for the second half is expected to decline to ¥33.1 billion, down 11.7% year on year.
In the latest three-month period, ordinary profit for July-September was ¥15.4 billion, up 7.6% year on year, while the operating margin on sales improved from 6.8% to 8.7%.