Inaba Denki Sangyo raised its current-year ordinary profit forecast by 13% and increased its forecast for record profit. Ordinary profit for April–September was ¥21.0 billion, up 38.3% year on year, and the full-year ordinary profit forecast was raised to ¥39.0 billion.
Inaba Denki Sangyo released its financial results on 30 October and raised its consolidated ordinary profit forecast for the current fiscal year from its previous forecast. The new full-year forecast was raised from ¥34.4 billion to ¥39.0 billion, and profit growth is expected to exceed the previous outlook.
Consolidated ordinary profit for the most recent interim period, April–September, was ¥21.0 billion, representing a 38.3% year-on-year increase. Sales and operating profit for the first half were examined in greater detail, while the operating margin was broadly flat.
For the second half of the current fiscal year, consolidated ordinary profit for October–March is projected at ¥17.9 billion, representing an 8.6% increase from the same period of the previous year.