Idemitsu Kosan raised its consolidated ordinary profit forecast for the current fiscal year to ¥95 billion. The forecast was increased by ¥32 billion from the previous ¥63 billion, raising its full-year outlook for the fiscal year ending March 2011.
Idemitsu Kosan announced that it had upwardly revised its consolidated earnings forecast for the fiscal year ending March 2011, raising its ordinary profit forecast from the previous ¥63 billion to ¥95 billion. This represents an increase of ¥32 billion in the ordinary profit outlook for the current fiscal year.
On the same day, the company released its new full-year forecast and revised its earnings outlook for the current fiscal year.
The revision was based on the latest earnings forecast released by the company, and attention is now focused on future earnings trends.