On 11 November, Infroneer Holdings released results based on International Financial Reporting Standards (IFRS). While cumulative second-quarter net profit rose to ¥65.9 billion, the full-year outlook was revised down from the previous forecast of ¥85.5 billion to ¥82.2 billion.
Infronia Holdings disclosed its earnings summary, showing consolidated net income for the cumulative second quarter of the fiscal year ending March 2027 (April-September) of ¥65.9 billion, a substantial increase from the same period a year earlier. Trends in revenue and operating income were as noted, with profit growth particularly prominent.
However, full-year net income has been revised down 3.9% from the previous forecast of ¥85.5 billion to ¥82.2 billion, and the projected growth rate has narrowed from 11.7% to 7.3%.
Based on the latest outlook, performance is expected to decline sharply in the second half, with consolidated net income for the October-March period projected at ¥16.2 billion, down 68.7% year on year.
The company posted a loss of ¥10.2 billion in the July-September quarter, compared with a profit of ¥16.4 billion in the same period a year earlier. The ratio of operating income to revenue is expected to remain almost flat from the same period last year.
Following the earnings announcement, attention is focused on additional information regarding quarterly results and the full-year outlook.