Denka announced that it had raised its forecast for consolidated ordinary profit for the current fiscal year by 30.0%, from the previous forecast of ¥20.0 billion to ¥26.0 billion. Cumulative ordinary profit for the second quarter (April–September) rose sharply to ¥21.1 billion, 3.1 times the figure for the same period of the previous year.
Denka released its earnings results on the morning of 9 November, reporting consolidated ordinary profit of ¥21.1 billion for the April–September period, 3.1 times the figure for the same period of the previous year and above the previous forecast of ¥11.0 billion.
At the same time, it raised its full-year ordinary profit forecast to ¥26.0 billion. The previous fiscal year's result was ¥19.2 billion, implying an expected increase of approximately 34.7% under the revised forecast.
For the latest three-month period, July–September, ordinary profit was ¥11.6 billion, 2.3 times the figure for the same period of the previous year, while the operating margin on sales improved from 7.2% to 12.3%. By contrast, the outlook for the second half calls for a substantial decline from the same period of the previous year, with ordinary profit for October–March estimated at ¥4.83 billion.
Compared with the previous forecast, full-year results after the revision are revenue of ¥205,000 million → ¥208,721 million, operating profit of ¥17,000 million → ¥24,709 million, ordinary profit of ¥11,000 million → ¥21,170 million, and net profit of ¥0 → ¥6,930 million.