東京応化工業 raised its current-fiscal-year ordinary profit forecast by 5% and added to its record-profit forecast. The new assumptions include revenue of ¥300,000 million, ordinary profit of ¥66,000 million and net profit of ¥44,500 million.
In the results for the nine months ended December, revenue was ¥146,547 million, operating profit was ¥23,243 million, ordinary profit was ¥24,034 million and net profit was ¥15,636 million. Overall, profit growth continued year on year, with full-year progress at 69.6%.
The company revised its earnings forecast for the second half, setting revenue at ¥160,332 million, operating profit at ¥34,646 million, ordinary profit at ¥35,728 million and net profit at ¥24,091 million. The revision rates were +5.9% for revenue and +8.6% for net profit.
The full-year forecast was revised upward from the previous forecast of revenue of ¥291,000 million, ordinary profit of ¥63,000 million and net profit of ¥42,600 million, to revenue of ¥300,000 million, ordinary profit of ¥66,000 million and net profit of ¥44,500 million. EPS was revised to ¥371.06, while the dividend remains ¥80.
Over the most recent three months, revenue increased from ¥61,156 million to ¥77,856 million, while operating profit, ordinary profit and net profit also expanded substantially year on year.