上組 raised its ordinary profit forecast for the current fiscal year from the previous ¥37.5 billion to ¥39.1 billion. Ordinary profit for April–September was ¥21.0 billion, down 2.2% year on year.
On 12 November, 上組 released its earnings report, reporting consolidated ordinary profit of ¥21.0 billion for April–September, down 2.2% year on year.
Full-year ordinary profit was revised upward by 4.3% from the previous forecast of ¥37.5 billion to ¥39.1 billion, with the rate of decline expected to narrow from 7.8% to 3.9%.
For the second-half outlook, consolidated ordinary profit for October–March is expected to be ¥18.0 billion, down 5.8% year on year.
Ordinary profit for the latest July–September period was ¥10.6 billion, up 3.3% year on year, while the revenue operating margin fell from 13.1% to 12.1%.