Sigma Koki announced in its earnings report that it had raised its forecast for current-period ordinary profit to ¥2.13 billion and expected to post a record high for the first time in 4 periods. Profit margins improved significantly in the first quarter, and its first-half and full-year forecasts were also revised upward.
Sigma Koki announced its earnings in the afternoon of 9 October, raising its forecast for consolidated ordinary profit for the current period by 47.9% from its previous forecast to ¥2.13 billion, compared with ¥1.3 billion in the previous period, resulting in an expected increase in profit of 63.3%.
Ordinary profit for the first quarter, June-August, expanded sharply to ¥550 million, 2.9 times the year-earlier level, while the operating margin on sales improved from 6.1% in the previous year to 15.3%.
The first-half forecast was also raised significantly from the previous forecast of ¥700 million to ¥1.11 billion, expanding the expected increase in profit from 18.8% to 89.3%. The company is expected to post a record-high first-half profit for the first time in 4 periods.
The full-year profit forecast was revised upward, based on higher revenue and a recovery in demand for high-value-added products, with net profit raised from ¥1.3 billion to ¥1.98? billion, although the article does not specify the exact new figure. As for dividends, the company plans an interim dividend of ¥25 and a year-end dividend of ¥50.