Sanrio announced its financial results after the close on 6 November. Consolidated ordinary profit for the first half (April-September) was ¥43.0 billion, up 8.4% year on year, representing 47.7% progress against the full-year plan.
Sanrio released its financial results after the close on 6 November. Consolidated ordinary profit for April-September was ¥43.0 billion, up 8.4% year on year. Progress against the full-year plan was 47.7%, above the five-year average of 41.1%.
Based on the first-half results announced by the company and its unchanged full-year plan, we estimate that consolidated ordinary profit for the October-March period (second half) will reach ¥47.1 billion. This implies an increase of 19.0% from the same period a year earlier.
Consolidated ordinary profit for the July-September period, the latest three-month results, was ¥20.4 billion, up 4.8% year on year, while the operating margin fell from 42.6% to 36.7%.
This article was prepared based on numerical data released by the company and advises readers to review the Summary of Financial Results when making investment decisions.