Placo announced its earnings after the close on 13 November. Consolidated ordinary profit for the first half returned to a surplus of ¥40 million, while ordinary profit for the latest July–September quarter increased 4.2-fold year on year.
In its earnings results for the first half (April–September), Placo reported consolidated ordinary profit of ¥40 million, compared with a loss of ¥18 million in the same period of the previous year. The full-year plan is ¥150 million, representing progress of 26.7%.
Consolidated ordinary profit for the latest three-month period, July–September, expanded to ¥46 million, while the operating margin improved substantially from 2.5% to 5.8%.
For the second-half outlook, consolidated ordinary profit for October–March is estimated at ¥110 million, down 28.1% from the same period of the previous year.