ムトー精工 cut its current-period ordinary profit forecast by 33%. Under the new outlook, ordinary profit is expected to be ¥1,800 million, net profit ¥2,500 million and earnings per share ¥362.23.
ムトー精工 revised its full-year earnings forecast in its earnings report. Based on its first-half results and previous forecast, the company lowered its full-year ordinary profit forecast to ¥1,800 million.
Under the new outlook, revenue is planned to remain unchanged from the previous forecast at ¥30,000 million. Operating profit is expected to be ¥1,800 million, ordinary profit ¥1,800 million and net profit ¥2,500 million.
Revised earnings per share is ¥362.23, compared with ¥434.67 before the revision. No dividend revision was indicated.
In the comparison of financial metrics, operating profit, ordinary profit and net profit were all revised downward for the current period. The comparison with the previous fiscal year was not stated explicitly, although each item changed year on year.