Tohokushinsha Film Corporation announced its earnings. Consolidated ordinary profit for the first 2 quarters of the current fiscal year was ¥730 million, a significant decline from the same period a year earlier. It also lowered its previously undisclosed full-year ordinary profit forecast to ¥1.08 billion.
Tohokushinsha Film Corporation released its earnings report on 13 November. Consolidated ordinary profit for the first 2 quarters, from April to September, was ¥730 million, down 60.1% from the same period a year earlier.
For its previously undisclosed full-year earnings forecast, the company indicated that consolidated ordinary profit is expected to fall 76.8% year on year to ¥1.08 billion. Based on first-half results and the full-year plan, consolidated ordinary profit for the second half is expected to be ¥350 million, down 87.5% from the same period a year earlier.
Consolidated ordinary profit for July–September was ¥390 million, while operating profit margin deteriorated from 8.0% to 2.3%. The future course of the overall earnings outlook will be watched in light of subsequent disclosures.