共同印刷 revised its full-year ordinary profit forecast upward by 7%. Consolidated ordinary profit for April–September rose 69.9% year on year to ¥1.7 billion, prompting the company to raise its full-year forecast to ¥3.15 billion, while forecasting second-half ordinary profit at ¥1.44 billion.
共同印刷 revised its full-year ordinary profit forecast upward from the previous estimate. According to the earnings summary, consolidated ordinary profit for the first half (April–September) rose 69.9% year on year to ¥1.7 billion.
The full-year ordinary profit forecast was also raised from ¥2.95 billion to ¥3.15 billion, with the expected increase in profit widening to 15.5%. However, second-half ordinary profit was calculated at ¥1.44 billion as the outlook for the latter half of the fiscal year.
Regarding revenue, the company indicated that domestic demand is expected to remain stable, while demand for existing businesses in its information systems segment is expected to fall below the initial assumption. It also mentioned the possibility of an impact from soaring raw-material prices. As support for its outlook, the company cited the solid performance of its core businesses and improved profitability in the second half, explaining that profitability is expected to improve over the medium to long term.
The company also noted that net income attributable to owners of the parent is expected to exceed the initial forecast because gains on the sale of investment securities are expected to increase in line with the rise in share prices.