Hisaka Works reported second-quarter net income of ¥1.35 billion, down 4.7% year on year, in its earnings announcement. It also raised its full-year net income forecast from the previous ¥2.41 billion to ¥3.5 billion, indicating an earnings increase.
Hisaka Works announced its results during the afternoon session on 13 November. For the cumulative six months from April to September 2023, net income was ¥1.35 billion, down 4.7% year on year.
The company raised its full-year net income forecast from the previous ¥2.41 billion to ¥3.5 billion, indicating a slight increase from the previous fiscal year. Based on this, consolidated net income for the second half is estimated at approximately ¥2.14 billion.
In the latest three-month period, net income for July-September fell to ¥500 million, and the operating margin on sales deteriorated from 9.9% to 7.8%.
As the background to the upward revision, the company indicated that it had adjusted for the gap between first-half results and the previous forecast, with achievement of the second-half plan serving as the underlying assumption.