Ebara Foods Industry raised its ordinary profit forecast for the current fiscal year. Cumulative ordinary profit for the second quarter was ¥151 million, up 33.7% year on year, and the full-year forecast was raised to ¥2.3 billion. Second-half ordinary profit is expected to be ¥780 million, down 49% year on year.
Ebara Foods Industry announced its financial results on 6 November, reporting ordinary profit of ¥151 million for the cumulative second quarter (April–September) of the current fiscal year, up 33.7% year on year.
It raised its full-year ordinary profit forecast from the previous ¥1.7 billion to ¥2.3 billion. As a result, the forecast decline in profit is expected to narrow from 36.5% to 14.1%.
For the most recent 3-month period, ordinary profit for July–September was ¥560 million, up 29.9% year on year, while the operating margin improved from 3.2% to 4.2%.
For the second-half outlook, ordinary profit for October–March is estimated at ¥780 million, down 49.0% year on year.