Nisshinbo Holdings Inc. (Nisshinbo Holdings) raised its full-year net profit forecast by 40% and now expects to return to earnings growth. It will also record a ¥3.8 billion gain on the sale of investment securities.
Nisshinbo Holdings Inc. raised its full-year net profit forecast by 40% from its previous outlook and now expects to return to earnings growth. Although no specific factors behind the improvement in performance were disclosed, earnings are expected to improve.
One factor supporting the improvement in earnings for the current fiscal year is the recording of a ¥3.8 billion gain on the sale of investment securities. This is expected to result in an increase in full-year net profit, according to the report.