堺化学工業 revised its full-year ordinary profit forecast upward from ¥6.1 billion to ¥6.5 billion. Cumulative second-quarter ordinary profit was ¥3.57 billion, up year on year, while second-half ordinary profit is estimated at ¥2.92 billion.
堺化学工業 announced its earnings after the close on 9 November and revised its consolidated full-year ordinary profit forecast upward by 6.6%, from the previous forecast of ¥6.1 billion to ¥6.5 billion. The year-on-year decline in profit is expected to narrow.
Consolidated ordinary profit for the cumulative second quarter (April–September) rose 9.3% year on year to ¥3.57 billion, as trends in revenue and operating profit improved. Ordinary profit for July–September was ¥1.69 billion, up 26.2% year on year.
For the second-half outlook, consolidated ordinary profit for the October–March period is estimated at ¥2.92 billion, down 10.6% year on year. Although the full-year profit plan exceeds the previous forecast, the outlook indicates that the company will not achieve a return to profitability by fiscal year-end.
The revision was based on an estimate using first-half results and the second-half plan. The revised specific figures for earnings per share and dividends were not provided in the article.