[Earnings Flash] MFS, July–September ordinary income moved into the black (1Q) (Kabutan News)

The story

MFS announced its results after the close on 12 November. Consolidated ordinary income for July–September (1Q) was ¥70 million, turning profitable from a loss in the same period a year earlier. Progress against the full-year plan of ¥369 million was 19.0%.

Operating income margin for July–September, the most recent three-month period, improved substantially from -0.6% in the same period a year earlier to 2.9%.

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At a glance

Period coveredConsolidated ordinary income for 1Q July–September moved into the black at ¥70 million

Profit surplusTurned profitable from a ¥7 million loss in the same period a year earlier

Progress against full-year plan19.0% progress against the full-year plan of ¥369 million

Operating margin on salesJuly–September improved from -0.6% in the same period a year earlier to +2.9%

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