Furukawa Co., Ltd. raised its current-year net profit forecast from the previous ¥5.1 billion to ¥14.5 billion. It also significantly raised its first-quarter results and April–September earnings outlook.
Furukawa Co., Ltd. announced its results on 13 August. Net income for the cumulative first quarter rose 68.2% year on year to ¥4.04 billion. In response, it raised its full-year net income forecast from the previous ¥5.1 billion to ¥14.5 billion, a 2.8-fold upward revision.
It also raised its first-half (April–September) net income forecast from the previous ¥2.5 billion to ¥8.3 billion, projecting a substantial increase from the same period of the previous year. First-quarter sales were ¥47,657 million and operating profit was ¥2,296 million, while both sales and the operating margin improved from the same period of the previous year.
In the revised earnings forecast for the current year, each indicator by reporting period was raised, and revised full-year net income was lifted to the four-digit hundred-million-yen range. Operating profit, ordinary profit and net income were all revised upward from the previous forecast, drawing attention to earnings trends during the remainder of the period.