Daiichi Kigenso Kagaku Kogyo raised its full-year consolidated ordinary profit forecast from the previous estimate of ¥2.0 billion to ¥3.3 billion, turning its full-year profit outlook to 1.4% growth. It also significantly raised its first-half ordinary profit forecast.
Daiichi Kigenso Kagaku Kogyo announced an earnings forecast revision after the market close on 30 October. It raised its full-year consolidated ordinary profit forecast from the previous estimate of ¥2.0 billion to ¥3.3 billion. Ordinary profit was ¥3.25 billion in the previous fiscal year.
The new forecast represents an upward revision from the previous estimate, with full-year profit now expected to increase 1.4%. In line with this, consolidated ordinary profit for the April-September period (first half) was also significantly raised from the previous forecast of ¥900 million to ¥2.62 billion and is now expected to increase from ¥360 million in the same period of the previous year.
The company released the information based on its earnings summary, and attention is focused on its future progress and any additional disclosures. Comparisons with related stocks and the market reaction are based on reports from external sources. The new figures are based on data released by the company.