Hirota Group Holdings raised its forecast for consolidated net income for the current fiscal year from a profit of ¥149 million to a profit of ¥223 million, further increasing its forecast for a record profit. Net income for the latest July–September quarter was ¥3 million.
On 13 November, Hirota Group Holdings announced its results and raised its full-year earnings forecast from a profit of ¥149 million to a profit of ¥223 million. The previous fiscal year ended in a loss, and the upward revision was approximately 54–53% in scale.
For the six months ended September (April–September), consolidated net income was a profit of ¥219 million, reversing a loss of ¥114 million in the same period of the previous year. Trends in revenue and operating income showed a return to profitability and an expansion of the profit in Q2.
The company is expected to remain profitable in the second half of the current fiscal year based on its previous revisions and assumptions, although detailed figures for the second-half outlook itself are not provided in the article.
For the three months from July to September, net income was a profit of ¥3 million, reversing a loss of ¥42 million in the same period of the previous year. The operating margin improved to 2.1% from negative 10.6%.