Chuo Jidosha Kogyo's first-half ordinary profit rose 21.9% year on year to ¥7.17 billion, reaching 52.0% progress against the full-year plan. Second-half ordinary profit is projected at ¥6.62 billion, while the annual dividend will be raised from the previous ¥63 to ¥65.
Chuo Jidosha Kogyo, which announced its results on 13 November, reported consolidated ordinary profit of ¥7.17 billion for April-September, up 21.9% year on year, while revenue was ¥1.9439 trillion and the gross profit margin also improved. Ordinary profit for the most recent 3 months, July-September, was ¥3.75 billion, a substantial increase year on year.
For the current fiscal year, second-half consolidated ordinary profit based on first-half results and the previous forecast was estimated at ¥6.62 billion, with a year-on-year decline expected. The dividend was revised upward from ¥63 to ¥65, raising the full-year dividend plan.
In addition, April-September results showed an improvement in the operating profit margin alongside revenue growth, and progress against the full-year plan was above the average level of the past 5 years. Specific figures toward the fiscal year-end are disclosed in the earnings-report PDF.