Hanwa announced in its earnings release that it had upgraded its current fiscal-year ordinary profit forecast by 14% from the previous forecast, expecting to post a record profit for the first time in 4 periods. Cumulative second-quarter ordinary profit was ¥35.7 billion, up 49.8% year on year, and the full-year forecast was raised to ¥65.0 billion.
On 6 November, Hanwa reported in its earnings summary that cumulative second-quarter consolidated ordinary profit had increased 49.8% year on year to ¥35.7 billion. Details of revenue and operating profit were also disclosed, showing substantial growth in first-half results.
The full-year ordinary profit forecast was upgraded by 14.0% from ¥57.0 billion to ¥65.0 billion, expanding the projected profit growth rate to 24.4%. The company is consequently expected to post a record profit for the first time in 4 periods.
Ordinary profit for July–September, the latest 3-month period, increased 70.1% year on year to ¥16.7 billion. The operating margin on sales was 2.1%, nearly unchanged from the previous year.
Based on the second-half outlook, ordinary profit for the second half is expected to rise 3.0% year on year to ¥29.2 billion.