Nippon Densetsu Kogyo's consolidated ordinary profit for the first half of fiscal 2024 (April–September) was ¥8.52 billion, 2.4 times the previous-year level, while ordinary profit for the latest three-month period, July–September, rose 77.3% to ¥6.52 billion. Progress against the full-year forecast of ¥25.7 billion reached 33.2%. In contrast, second-half ordinary profit is expected to decline 20.7% year on year to ¥17.1 billion, drawing attention to the company's subsequent earnings performance.
Nippon Densetsu Kogyo disclosed in its earnings summary that consolidated ordinary profit for the first half (April–September) was ¥8.52 billion, an increase of approximately 2.4 times year on year. Ordinary profit for the latest three-month period, July–September, was ¥6.52 billion, up 77.3% year on year.
The operating margin on revenue for the July–September quarter improved substantially from 7.4% in the previous-year period to 11.6%. This supported the level of first-half profit.
The full-year forecast is ¥25.7 billion, with progress reaching 33.2%, above the three-year average of 8.5%. Based on the current first-half results and the unchanged full-year forecast, the company calculates second-half ordinary profit at ¥17.1 billion.
Looking ahead, revenue is expected to be flat to moderately higher year on year in the second-half forecast, while ordinary profit is expected to decline.