Muromachi Chemical announced its earnings after the close on 15 October. First-quarter ordinary profit was ¥190 million, and first-half ordinary profit for June-November was revised upward twofold to ¥240 million.
According to earnings announced by Muromachi Chemical, first-quarter ordinary profit for June-August was ¥190 million, 2.7 times the year-earlier period, while the operating margin on revenue for the latest three months improved sharply to 9.8% from 4.1% a year earlier.
The first-half ordinary profit forecast was raised from the previous ¥120 million to ¥240 million, with the decline rate expected to narrow from 64.3% to 28.6%. Revenue and other figures were disclosed within the range of the published data.
The full-year ordinary profit forecast was maintained at the previous forecast of ¥500 million. The year-earlier figure was ¥700 million, and full-year earnings are still not expected to be at a relatively high level.