Pickles Holdings reported consolidated ordinary profit of ¥560 million for the June-August quarter (2Q), down 43.4% year on year, while its operating margin also deteriorated substantially. The full-year dividend was revised upward, changed from ¥29 to ¥32, and the second-half outlook points to signs of recovery.
Pickles Holdings announced its results for the June-August quarter (2Q), reporting consolidated ordinary profit of ¥560 million, down 43.4% year on year. Its operating margin also deteriorated substantially, from 8.4% to 4.8%.
The company left its first-half results and previous full-year plan unchanged, and estimated ordinary profit for the second half at ¥580 million, up approximately 12.2% year on year.
The annual dividend for the current fiscal year was revised upward, changed from the previous plan of ¥29 to ¥32. Progress against the full-year plan stood at just 68.3%, making the recovery in the underlying business performance a focus of attention.
A key market focus is how the expected second-half recovery and higher dividend will affect the company amid the difficult earnings environment in the June-August quarter.