長瀬産業 announced its earnings after the market close on 6 November. Consolidated ordinary profit for the cumulative second quarter (April-September) was ¥36.3 billion, up 75.6% year on year, and the full-year forecast was revised upward to ¥58.0 billion. The annual dividend was increased to ¥30.
長瀬産業 announced its earnings on 6 November, reporting a substantial increase in consolidated ordinary profit for the April-September period to ¥36.3 billion, up 75.6% year on year.
At the same time, the full-year ordinary profit forecast was raised from the previous ¥45.0 billion to ¥58.0 billion, increasing the expected profit growth rate to 31.5%.
Based on first-half results and the second-half plan, consolidated ordinary profit for the second half is expected to be ¥21.6 billion, down 7.5% year on year. Ordinary profit for the July-September period was ¥18.3 billion, while the operating profit margin on net sales improved from 4.5% to 6.6%.
The annual dividend for the current fiscal year was revised upward from the previous plan of ¥27 to ¥30.