Sanyo Electric Railway Co.,Ltd. released its earnings for the April–September period on 12 November after the market opened. Ordinary income for the cumulative second quarter was ¥2.7 billion, down 5.6% year on year. The full-year outlook was revised down for ordinary income but revised up for net income.
Sanyo Electric Railway Co.,Ltd. released its earnings for the April–September period after the market opened on 12 November. Consolidated ordinary income for the cumulative second quarter was ¥2.7 billion, down 5.6% year on year, while the operating margin on sales fell to 10.9% from 15.3% in the previous period.
The full-year plan was revised down for ordinary income from the previous forecast of ¥4.39 billion to ¥4.09 billion. At the same time, consolidated net income was revised up 7.6% from the previous forecast of ¥3.0 billion to ¥3.23 billion, with the expected decline narrowing from 25.7% to 20.0%.
Ordinary income for the most recent three-month period, July–September, was ¥950 million, down 34.2% year on year, while the operating margin on sales declined to 10.9%.