Tokyo Kaikan raised its ordinary profit forecast for the current fiscal year by 9.3%, from the previous forecast of ¥1.5 billion to ¥1.64 billion. The company returned to profitability in the July-September quarter and expects second-half ordinary profit of ¥1.13 billion.
Tokyo Kaikan announced its results for the cumulative second quarter (April-September) after the market close on 29 October 2024. Ordinary profit rose 33.2% year on year to ¥510 million, exceeding the previous forecast of ¥400 million.
The company revised its full-year ordinary profit forecast from ¥1.5 billion to ¥1.64 billion. The expected profit growth rate after the revision is projected to increase from 1.4% to 10.8%.
In addition, based on first-half results and the second-half plan, the company expects second-half ordinary profit to rise 3.0% year on year to ¥1.13 billion. The company returned to profitability in the July-September quarter, its most recent three-month period, and its operating margin also improved.
The earnings report includes the revision to the full-year forecast for the current fiscal year, together with first-half results and the second-half outlook. It also includes tables showing year-on-year comparisons and progress against the full-year forecast.