ニッタ raised its current-year ordinary profit forecast by 20% and lifted its full-year record-high earnings forecast. The company also released its first-quarter results and revised first-half and full-year forecasts.
ニッタ reported consolidated ordinary profit of ¥4.97 billion for April-June, up 56.9% year on year. First-quarter sales were ¥21,634 million, operating profit was ¥1,162 million, ordinary profit was ¥4,603 million and net profit was ¥3,015 million, while revised earnings per share was ¥108.1.
The full-year ordinary profit forecast was raised 20.0% to ¥18.0 billion from the previous forecast of ¥15.0 billion, with the earnings growth rate expanding to 21.5%. The new full-year forecast is above the ¥14.8 billion reported in the previous fiscal year. First-half profit for April-September was also raised to ¥9.0 billion from the previous forecast of ¥7.0 billion, with the earnings growth rate expected to expand to 39.7%.
The April-June operating margin improved from 5.1% to 8.3%. Results for the latest three months indicated higher quarterly profit levels and improved efficiency. Together with the first-half and full-year forecast revisions, the outlook for a new record-high profit remains intact.
The table includes figures related to the in-period plan and medium-term targets as indicators for future performance during the current fiscal year, but the text contains no additional discussion of causal factors or market reaction.