Sapeet's ordinary profit for the October-June period (3Q cumulative) rose 18-fold from the same period of the previous year to ¥141 million, exceeding its full-year plan of ¥121 million with progress of 116.5%. Although the company expects to fall into the red in the fourth quarter, it may raise its full-year plan depending on its results through the third quarter.
Sapeet's ordinary profit for the October-June period (3Q cumulative) rose 18-fold year on year to ¥141 million. Net sales were ¥697 million and operating profit was ¥18 million, while the operating profit margin improved from 1.2% in the same period of the previous year. The full-year plan calls for ordinary profit of ¥121 million, and progress toward the plan reached 116.5%. This indicates that results are running ahead of the pace required to meet the full-year plan.
For the latest three months, ordinary profit for the April-June quarter increased 9.8-fold year on year to ¥39 million, while net sales remained at the same level and the operating profit margin improved substantially. In light of these results, the company is considering revising its outlook based on its expectations for the fourth quarter, although it remains uncertain whether the fourth quarter can maintain the profitable level recorded in the same period of the previous year.