精工技研 raised its current-year ordinary profit forecast from the previous ¥12.1 billion to ¥14.0 billion and further increased its record profit forecast. It also disclosed results through the second quarter and the second-half outlook.
According to the earnings materials released after the market close on 13 November, consolidated ordinary profit for April–September was ¥6.09 billion, a sharp increase to 2.1 times the prior-year period. Cumulative sales for the September period were ¥90.62 billion, operating profit was ¥10.30 billion and net profit was ¥772 million.
The full-year ordinary profit forecast was revised upward from the previous ¥12.1 billion to ¥14.0 billion. The projected increase from ¥8.13 billion in the previous fiscal year has expanded substantially, and the profit outlook has been raised further to a new record high.
Under the company's second-half plan, ordinary profit for October–March is expected to increase to approximately ¥7.9 billion, representing an expected year-on-year increase of approximately 49.6% when combined with first-half results.
Ordinary profit for the latest three-month period, July–September, was ¥3.27 billion, up 96.6% year on year. The operating margin on sales improved from 24.0% to 30.7%.