Shinnihon Corporation reported ordinary profit for the first 2 quarters of ¥10.2 billion, up 39.1% year on year, and raised its full-year ordinary profit forecast by 5.0% to ¥27.3 billion. Actual ordinary profit for the July to September quarter was ¥6.23 billion, while the second-half plan calls for ¥17 billion for the October to March period.
Shinnihon Corporation announced that consolidated ordinary profit for the second quarter cumulative period (April to September) of the fiscal year ending March 2014 (Reiwa 26) increased 39.1% year on year to ¥10.2 billion.
The company raised its full-year ordinary profit forecast by 5.0%, from the previous forecast of ¥26 billion to ¥27.3 billion, and expanded its projected growth rate from 25.2% to 31.4%. This further increased its forecast for record-high profit for the 6th consecutive fiscal period.
Ordinary profit for the latest 3-month period, July to September, rose 71.2% year on year to ¥6.23 billion, while the operating profit margin on sales surged from 11.7% to 18.3%.
Based on the first-half results and full-year plan announced by the company, ordinary profit for the second half, October to March, is estimated at ¥17 billion, up 27.2% year on year.