ＪＶＣケンウッド lowered its full-year net income forecast 2% from the previous ¥15.0 billion to ¥14.7 billion. Cumulative second-quarter net income was ¥7.22 billion, up 78.2% year on year.
ＪＶＣケンウッド announced its earnings on 30 October and revised its IFRS-based full-year net income forecast from the previous ¥15.0 billion to ¥14.7 billion. The decline from the previous fiscal year is expected to be in the high teens, and the revised figure represents a new outlook.
In the first half of the current fiscal year, net income for July-September was ¥7.22 billion, up 78.2% year on year, confirming growth in revenue and an improvement in operating margin. However, the full-year outlook was revised downward, with second-half net income calculated at ¥6.48 billion.
In the latest three months, revenue was ¥176.574 billion and net income was ¥11.093 billion for the cumulative April-September period, supporting growth from the previous year. The full-year revision is described as approximately -2.0%.
Comparing the old and new forecasts, revenue was revised from ¥364.0 billion to ¥376.0 billion, while net income was revised from ¥15.0 billion to ¥14.7 billion.