Takakita announced its results. First-half ordinary profit for April–September was ¥160 million, a sharp 4.1-fold increase year on year. Progress against the full-year plan was 43.7%, while second-half ordinary profit is estimated at ¥210 million.
Takakita announced its results during the afternoon session on 30 October. Unconsolidated ordinary profit for the first half (April–September) was ¥160 million, reportedly 4.1 times higher than in the same period of the previous year.
However, progress against the full-year plan was only 43.7%, below the five-year average of 53.7%. Based on this, the company estimates second-half ordinary profit for the October–March period at ¥210 million, which is expected to decline year on year.
Meanwhile, ordinary profit in the latest three-month period, July–September, was ¥130 million, up 10.2% year on year, while the operating margin on sales improved from 6.1% to 7.6%.