Oji Holdings released its financial results on 6 November. Cumulative ordinary profit for the second quarter was ¥11.4 billion, up 30.8% year on year, while the full-year forecast was revised down from ¥45 billion to ¥30 billion, indicating a 26% decline in profit.
Oji Holdings announced its financial results on 6 November. Consolidated ordinary profit for the cumulative second quarter (April-September) was ¥11.4 billion, up 30.8% year on year, marking an increase in profit. Meanwhile, the full-year ordinary profit forecast was substantially revised down from the previous ¥45 billion to ¥30 billion, indicating a decline in profit for the full year.
Ordinary profit for the most recent 3 months (July-September, 2Q) was ¥5.86 billion, down 52.5% year on year, while the operating margin on net sales deteriorated to 2.4%. As a result, the profit outlook for the second half is also expected to be significantly affected.
For the second half, the company is reportedly forecasting consolidated ordinary profit of ¥18.5 billion for the October-March period. This represents a substantial decline compared with the previous fiscal year’s result. The July-September results also fell significantly year on year.