YONKYU changed its current-period ordinary profit outlook from undisclosed to disclosed, with cumulative first-half ordinary profit expanding to ¥1.54 billion, 2.3 times the year-earlier level. The full-year forecast had been undisclosed, but ordinary profit was revised upward to ¥2.4 billion, up 9.4% from the previous fiscal year.
YONKYU announced its earnings after the market close on 2 November. Consolidated ordinary profit for the current fiscal year was ¥1.54 billion for the cumulative second quarter from April through September, 2.3 times the year-earlier level.
At the same time, it revised its previously undisclosed full-year earnings forecast, projecting ordinary profit of ¥2.4 billion, up 9.4% from the previous fiscal year.
For the most recent three months, July-September, ordinary profit surged to ¥830 million, up 3.0 times year on year, while the operating margin improved from 2.4% to 5.7%.
For the second half of the current fiscal year, ordinary profit was estimated at ¥850 million, down 44.2% from the same period of the previous fiscal year.
A PDF earnings summary was also released, and detailed earnings data for the fiscal period was reported by Kabutan News.