ソレキア reported first-half ordinary profit of ¥810 million for fiscal 2024, down 16% year on year, with progress against its second-half plan at 35.5%.
ソレキア announced in its earnings report that consolidated ordinary profit for April-September 2024 was ¥810 million, down 15.8% year on year. Revenue was disclosed, while the decline in ordinary profit is believed to have been mainly attributable to lower profitability. Progress against the full-year plan of ¥2.29 billion was 35.5%.
Consolidated ordinary profit for the latest three-month period, July-September, was ¥590 million, down 23.1% year on year, while the operating profit margin on revenue deteriorated to 8.4% from 9.9% in the same period of the previous year. In response, the company kept its second-half outlook unchanged and estimated second-half ordinary profit based on its first-half results.
For the current fiscal year, the plan calls for second-half consolidated ordinary profit of ¥1.47 billion, down 12.3% year on year. A comparison of the previous and revised full-year earnings forecasts for the fiscal year ending March 2026 was also provided, with any revisions during the fiscal year disclosed separately.
At the next earnings announcement, the company is expected to again provide progress against the full-year plan and specific second-half revenue and profit outlooks. Investors will monitor the trend in actual results and developments in profitability improvement.