Teijin released its IFRS results and revised its consolidated net income forecast for the current period upward to a profit. Net income for the cumulative 2Q was ¥52.5 billion, and the full-year plan was raised to a profit of ¥50 billion.
Teijin announced that consolidated net income for the cumulative second quarter of the fiscal year ending April 2024 (April-September) was ¥52.5 billion, compared with a loss in the same period of the previous year.
At the same time, it revised its full-year net income forecast upward from the previous forecast of a ¥45 billion profit to a ¥50 billion profit, a revision rate of 11.1%.
For the latest 3-month period, consolidated net income for July-September rose to a profit of ¥7.43 billion, while the operating profit margin on sales improved from -27.1% to 5.0%.
For the second-half outlook, consolidated net income for October-March is expected to be a loss of ¥2.54 billion, with the plan calling for a reduction in the loss from the same period of the previous year.