S&B Foods revised its current-year ordinary profit forecast upward by 7.3% from the previous forecast, raising the full-year forecast to ¥11.7 billion. First-half results grew substantially year on year, and although profit is expected to decline in the second half, the company maintained and raised its record-profit forecast.
S&B Foods announced its earnings summary, reporting consolidated ordinary profit of ¥7.06 billion for the current fiscal year. This was up 44.6% year on year, with first-half results showing substantial growth. It also revised its full-year ordinary profit forecast upward by 7.3% to ¥11.7 billion, above the previous forecast.
Ordinary profit for the July–September quarter, the latest three-month period, was ¥2.47 billion, up 18.8% year on year, while the operating margin on revenue improved from 6.6% to 8.2%. The full-year profit plan was raised based on the first-half results and second-half plan.
Second-half ordinary profit is calculated at ¥4.63 billion and is expected to decline year on year, with ordinary profit for the second half projected to decrease by approximately 20.7%. Overall, full-year profit is expected to remain higher, although growth in the second half is expected to be limited.