Sanken Electric’s consolidated ordinary loss widened to ¥2.95 billion in the first half, and the company also fell into the red in July–September. In contrast, it estimates that ordinary profit and loss will recover to a ¥3.05 billion profit in the second half.
On 11 November, Sanken Electric released its earnings report and announced that consolidated ordinary profit and loss was a ¥2.95 billion loss for the first half, April–September. The company recorded a ¥830 million loss in the same period of the previous year, so the loss widened.
In the latest three-month period, July–September, consolidated ordinary profit and loss also fell into the red at a loss of ¥1.19 billion, while the ratio of operating profit and loss to revenue was broadly unchanged from the same period of the previous year.
Based on its first-half results and full-year plan, the company presented an estimate under which consolidated ordinary profit and loss would recover to a ¥3.05 billion profit in the second half.