Mitsui High-tec announced that consolidated ordinary profit for the six months through the second quarter had risen to ¥13.3 billion. It raised its full-year ordinary profit forecast to ¥20.0 billion, while indicating that ordinary profit in the second half is expected to fall to ¥6.68 billion.
Consolidated ordinary profit for the six months through the second quarter of the fiscal year ending January 2027 came to ¥13.3 billion, surging to 2.2 times the year-earlier level.
The full-year ordinary profit forecast was revised upward from the previous ¥14.5 billion to ¥20.0 billion, with the expected profit growth rate now projected to be substantially higher than previously forecast.
Consolidated ordinary profit for the latest three-month period, May-July, was ¥7.42 billion, up 65.1% year on year, while revenue and the operating profit margin also improved.
For the second-half outlook, the company indicated that consolidated ordinary profit for August-January is expected to fall to ¥6.68 billion.