Futaba Industrial revised down its ordinary profit forecast for the current fiscal year, while results for April-September fell sharply from the previous fiscal year. The full-year plan was lowered to ¥17.0 billion, with second-half ordinary profit expected to be around ¥10.0 billion.
Futaba Industrial announced its results after the market close on 28 October. Consolidated ordinary profit for the second-quarter cumulative period of the fiscal year ending March 2027 (April-September) was ¥6.97 billion, down 20.6% year on year. The company also revised down its full-year ordinary profit forecast from ¥19.0 billion to ¥17.0 billion. Ordinary profit was ¥20.8 billion in the previous fiscal year.
Based on the first-half results and full-year plan announced at the same time, consolidated ordinary profit for the second half was estimated at ¥10.0 billion, down approximately 16.8% from the same period of the previous fiscal year.
For the most recent three-month period, ordinary profit fell to ¥2.87 billion in the July-September quarter, while the operating margin on sales was essentially flat at 2.4%, compared with 2.7% in the same period of the previous fiscal year.