丸八ホールディングス revised its ordinary profit forecast for the current fiscal year upward from the previous forecast. Ordinary profit for the cumulative second quarter was ¥1.67 billion, up 5.1% year on year, and the full-year forecast was also revised upward. However, second-half profit is expected to decline substantially year on year.
丸八ホールディングス disclosed its earnings report summary and revised its ordinary profit forecast for the current fiscal year upward from the previous forecast. Consolidated ordinary profit for the cumulative second quarter (April-September) was ¥1.67 billion, an increase of 5.1% year on year.
The full-year ordinary profit forecast was revised from ¥2.75 billion to ¥3.19 billion, narrowing the expected decline from the previous year’s ¥4.06 billion.
However, ordinary profit for the latest 3-month period, the July-September quarter, fell sharply to ¥510 million, down 50.5% year on year, while the operating profit margin on sales improved from 14.2% to 15.9%. Ordinary profit for the second half of the current fiscal year is estimated at ¥1.51 billion, down 38.5% year on year.