Nihon Kagaku Sangyo raised its forecast for current-fiscal-year ordinary profit from ¥1.8 billion to ¥2.5 billion. First-half ordinary profit was ¥590 million, and sales increased from the previous fiscal year. Second-half ordinary profit is expected to be approximately ¥770 million.
Nihon Kagaku Sangyo announced its earnings in the afternoon session on 9 November and raised its forecast for consolidated ordinary profit for the current fiscal year by 38.9%, from the previous forecast of ¥1.8 billion to ¥2.5 billion. The expected year-on-year decline in profit is set to narrow to 34.5%.
Consolidated ordinary profit for the latest three-month period, July-September, was ¥590 million, down 10.3% year on year, while the operating margin on sales deteriorated from 9.3% to 5.7%.
Based on the full-year plan, consolidated ordinary profit for the second half is calculated to decline significantly to ¥770 million. The company disclosed an estimate combining first-half results and the second-half outlook.
The revised outlook for the current fiscal year includes significant upward revisions to ordinary profit and net income compared with the previous forecast, drawing attention to future earnings trends.