Hibino raised its current-year ordinary profit forecast from the previous forecast and increased its second-half outlook. The announcement outlines the second-quarter results and the new forecast.
Hibino announced its results after the close of trading on 9 November and raised its full-year ordinary profit forecast for the current fiscal year by 8.9%, from the previous ¥4.5 billion to ¥4.9 billion. The expected decline in profit year on year is forecast to narrow from 11.1% to 3.2%.
Based on first-half actual results and the second-half plan announced at the same time, consolidated ordinary profit for October–March is expected to be ¥2.96 billion, up 11.2% year on year.
For the latest three months, ordinary profit for July–September was ¥1.39 billion, down 7.0% year on year, while the operating margin on revenue deteriorated from 9.0% to 7.0%.
Detailed results include cumulative second-quarter actual results, comprising revenue of ¥26,697 million, operating profit of ¥1,464 million, ordinary profit of ¥1,360 million and net profit of ¥780 million, as well as a comparison of first-half actual results with the previous forecast.