日本化学工業 announced its earnings after the market close on 10 August. Although first-quarter net income declined year on year to ¥900 million, the company raised its full-year forecast by 50% from the previous forecast of ¥3 billion to ¥4.5 billion.
日本化学工業 reported consolidated net income of ¥900 million for the April-June quarter, down 24.9% year on year.
At the same time, it raised its full-year net income forecast from the previous ¥3 billion to ¥4.5 billion, with profit growth expected to expand from 3.7% to 55.5%.
In the latest three-month period, the operating margin on sales for the April-June quarter improved to 10.6% from 10.1% in the same period a year earlier.