Ebara Corporation reported IFRS-based consolidated net profit of ¥71.4 billion for January-September, up 60% year on year, while July-September net profit surged 2.8 times to ¥37.9 billion. Progress against the full-year forecast reached 71.8%, while fourth-quarter net profit is expected to be ¥28.0 billion, down year on year.
Ebara Corporation announced its results after the close on 13 November, reporting consolidated net profit of ¥71.4 billion for January-September, up 60.0% year on year. The status of revenue and operating profit margin is covered in the main text, but the substantial increase in net profit stands out.
In 3Q (July-September), consolidated net profit expanded 2.8 times year on year to ¥37.9 billion, while the operating profit margin on sales improved from 9.1% to 12.9%.
The full-year net profit forecast was left unchanged at ¥99.5 billion, with progress at 71.8%, above the five-year average of 56.7%.
For 4Q, consolidated net profit for October-December is estimated at ¥28.0 billion, down 12.3% year on year.