Nisshinbo Holdings Inc. raised its forecast for consolidated net profit for the current fiscal year from the previous forecast of ¥10.0 billion to ¥14.0 billion, and expects the second-half deficit to narrow. The company also indicated that the gain on the sale of investment securities is expected to be recorded as an extraordinary gain.
Nisshinbo Holdings Inc. announced on 9 September that it had raised its forecast for consolidated net profit for the current fiscal year from the previous forecast of ¥10.0 billion to ¥14.0 billion. As a result, the full-year outlook now calls for a 0.6% increase in profit.
For the second half (July to December), the company revised its previous loss forecast upward and announced that the deficit is expected to narrow from ¥11.5 billion to ¥7.59 billion. The same period of the previous year was profitable.
The company stated that it would record ¥3,821 million in gains on the sale of investment securities as an extraordinary gain, and explained that net income attributable to owners of the parent is expected to exceed the previous forecast.
The revised forecast for the current fiscal year calls for second-half net sales of ¥238,538 million and net profit of ¥7,590 million. Full-year net profit after the revision is ¥14,000 million, up from the previous forecast of ¥10,000 million.