In its earnings announcement on 2 November, Kameda Seika revised its ordinary profit outlook for the current fiscal year downward from its previous forecast, cutting the full-year figure by 32.0% to ¥5.1 billion. Ordinary profit for the first half (April-September) rose 20.9% year on year to ¥2.4 billion.
Kameda Seika released its earnings summary and revised its full-year ordinary profit forecast for the current fiscal year downward from the previous forecast of ¥7.7 billion to ¥5.1 billion. The revised outlook represents an approximately 32% year-on-year decline in profit. Ordinary profit for the cumulative second quarter (April-September) reached ¥2.4 billion, up 20.9% year on year, but the full-year outlook was substantially reduced.
Ordinary profit for the second half (October-March) is expected to be ¥2.69 billion, down approximately 51.1% year on year, representing a significant decline from the initial plan. In the most recent 3-month period (July-September), ordinary profit fell 55.3% year on year to ¥290 million, while the operating margin on sales deteriorated from 1.7% to 1.2%.