第一屋製パン increased nine-month ordinary profit to ¥490 million, 2.6 times the prior-year period, and raised its full-year profit forecast from the previous ¥310 million to ¥560 million. As a result, ordinary profit for the second half is now expected to turn profitable.
第一屋製パン announced its earnings after the market close on 13 November. Consolidated ordinary profit for the nine-month period (January–September) was ¥490 million, an increase to 2.6 times the prior-year period. Sales were ¥20,276 million, operating profit was ¥550 million and net profit was ¥1,888 million.
Full-year ordinary profit was revised upward by 80.6% from the previous forecast of ¥310 million to ¥560 million. The previous fiscal year figure was ¥446 million. As a result, the second-half ordinary profit and loss outlook changed from the previous loss to an expected profit of ¥206 million.
Ordinary profit for the latest three-month period, July–September, increased to ¥136 million, 2.9 times the prior-year period, while the operating margin on sales improved from 0.7% to 1.8%. The current-year earnings release presents consolidated results and the outlook, indicating improvements in the businesses driving performance.