T.RAD revised its full-year ordinary profit forecast downward from the previous forecast of ¥13.4 billion to ¥12.8 billion. Based on first-half results, ordinary profit for the second half is projected at ¥6.84 billion.
T.RAD announced its financial results after the close of trading on 2 November. Consolidated ordinary profit for the cumulative second quarter from April to September rose 5.0% year on year to ¥5.95 billion.
However, full-year ordinary profit was revised downward by 4.5%, from the previous forecast of ¥13.4 billion to ¥12.8 billion, with the growth rate expected to narrow from 8.3% to 3.4%.
Based on first-half results and the plan, consolidated ordinary profit for the October-March period, the second half, was estimated to rise to ¥6.84 billion.
Ordinary profit for the latest three-month period, July to September (2Q), was ¥2.94 billion, while the operating margin on sales improved from 6.3% to 6.7%.