Hiroshima Electric Railway converted its ordinary profit forecast for the first half of the current fiscal year to a profit and raised it to ¥514 million. Sales and net income were also revised, resulting in significant changes to the earnings outlook.
In the revision to the current fiscal year's first-half results forecast, ordinary profit turned profitable and was raised to ¥514 million. This newly indicates an outlook for a return to profitability.
The new results figures are sales of ¥19,898 million, operating profit of ¥401 million, ordinary profit of ¥514 million, net income of ¥591 million and revised EPS of ¥19.44. These figures represent significant improvements from the previous outlook.
The full-year earnings forecast for the current fiscal year is also expected to be revised upward to a high level, in line with the first-half revision. Year on year, sales are expected to grow by approximately 22%, while ordinary profit and net income are both expected to remain profitable. The full-year outlook for the current fiscal year has been built up, with the revision date and revision amount shown alongside it.