ｅＢＡＳＥ announced that it had lowered its ordinary profit forecast for the current period from the previous forecast and now expects a 5% decline in profit. It released cumulative second-quarter results and the old and new full-year forecasts.
According to the earnings report, cumulative second-quarter results for ｅＢＡＳＥ were net sales of 2,530, operating profit of 701, ordinary profit of 734 and net income of 487. Year on year, net sales increased 8.9%, while net income declined 10.4%.
In the revision to the earnings forecast for the current period, net sales were revised from 5,400 to 5,700, operating profit from 1,540 to 1,340, ordinary profit from 1,600 to 1,400 and net income from 1,070 to 935, compared with the previous forecast. Although net sales was revised upward, all items including ordinary profit and net income moved lower. The revision rate for the new forecast was a downward revision of approximately 12.6%, centered on net income.
Comparing first-half actual results with the previous forecast, net sales were 2,655 versus the forecast of 2,400, operating profit was 505 versus 480, ordinary profit was 534 versus 500, and net income was 346 versus 335.
For the second-half outlook, new figures were presented for the full-year forecast, while revisions to the underlying outlook may be affected by trends in the end-market sectors.