NSK disclosed its consolidated results for April–September 2024 and raised its full-year net income forecast by 17.2% from the previous forecast of ¥29.0 billion to ¥34.0 billion. Cumulative second-quarter net income was ¥18.8 billion, up 78.8% year on year, and is expected to exceed the initial plan.
Nippon Seiko announced its results after the close on 29 October, reporting consolidated net income of ¥18.8 billion for April–September, up 78.8% year on year. In conjunction with this, full-year net income was set at ¥34.0 billion, representing a 17.2% upward revision. The text states that the previous forecast was revised to ¥34.0 billion.
Consolidated net income for the most recent three-month period, July–September, was ¥9.13 billion, down 3.4% year on year. The operating margin on net sales was broadly unchanged from the year-earlier period.
Following the revision to the full-year forecast, consolidated net income for the second half, October–March, is calculated at ¥15.1 billion, up 23.0% year on year. Comparison of first-half actual results with the previous forecast indicates notable growth in the revised metrics.