Shikoku Kasei Holdings significantly raised its ordinary profit forecast for the current fiscal year and updated its full-year record profit outlook. The company strengthened its second-half outlook, also raising its ordinary profit forecast for the July-December period.
Shikoku Kasei Holdings announced its results on 13 November, reporting consolidated ordinary profit of ¥15.5 billion for the cumulative third quarter of the fiscal year ending December 2023, up 82.3% year on year. At the same time, it raised its full-year ordinary profit forecast from ¥18.4 billion to ¥22.0 billion, a 19.6% upward revision, substantially increasing the expected rate of profit growth.
Based on the revised second-half plan, consolidated ordinary profit for the July-December period is expected to reach ¥12.3 billion, exceeding the previous forecast of ¥8.7 billion and increasing significantly from ¥6.71 billion in the same period of the previous year.
In the latest third-quarter results, consolidated ordinary profit for July-September was ¥5.82 billion, up 76.2% year on year, while the operating profit margin on net sales improved significantly from 16.5% to 23.8%.