Nippon Fenoll reported consolidated ordinary profit of ¥1.16 billion for the January-September period, up 23.6% year on year, exceeding its full-year plan at 106.2% progress. Although a loss is forecast for the fourth quarter, the full-year plan may be raised if results remain at the third-quarter level.
According to Nippon Fenoll's results for the cumulative January-September period, consolidated ordinary profit was ¥1.16 billion, up 23.6% year on year, while net sales increased from the previous fiscal year. Progress against the full-year plan was 106.2%, meaning the company had already exceeded the plan.
For the most recent three-month period, ordinary profit for July-September was ¥170 million, up 10.4% year on year, while the operating margin on net sales improved from 5.0% to 6.7%.
For the current fiscal year, ordinary profit for the fourth quarter is calculated to be a loss of ¥60 million, but the full-year plan could be raised if fourth-quarter results remain at the third-quarter level.