Hodogaya Chemical Co., Ltd. announced its results after the close on 11 November. Cumulative ordinary profit for the second quarter increased 94.4% year on year to ¥3.56 billion, and the full-year outlook was revised upward from the previous forecast of ¥3.3 billion to ¥4.5 billion, implying an expected 6.4% increase in profit.
Hodogaya Chemical Co., Ltd. announced its results after the close on 11 November. Consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2022/2027 increased 94.4% year on year to ¥3.56 billion. The operating margin on sales also improved.
In its full-year plan announced the same day, the company revised its previous forecast of ¥3.3 billion upward to ¥4.5 billion, forecasting higher profit year on year. Following the upward revision, the second-half plan for October-March is ¥930 million, which is expected to represent a significant decline from the same period a year earlier.