Nisshinbo Holdings announced its results on 10 November and revised its second-half plan for July–December to reflect a narrower loss. Ordinary profit for the nine-month period rose to ¥36.1 billion, and the full-year ordinary profit forecast was revised upward to ¥28 billion.
Nisshinbo Holdings announced that consolidated ordinary profit for the nine months ended September this fiscal year rose 69.6% year on year to ¥36.1 billion.
It also revised its full-year ordinary profit forecast upward from ¥21.5 billion to ¥28 billion, compared with ¥29.3 billion in the previous fiscal year, a 30.2% upward revision. The expected decline in final profit was narrowed from 26.7% to 4.5%.
The revised forecast for consolidated ordinary income in the second half, July–December, was changed from a projected loss of ¥11 billion to a loss of ¥4.52 billion, narrowing the expected loss.
Ordinary profit for the latest three months, or 3Q, rose 57.9% year on year to ¥3.61 billion, while the operating margin on sales improved sharply from 0.4% to 3.8%.