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SHOEI CO., LTD. rebounds for the first time in four days on stronger-than-expected interim operating profit
SHOEI CO., LTD. <7839> rebounded for the first time in four days. The company announced its consolidated financial results for the interim period ended March after trading closed on the 24th, reporting sales of 15,002 million yen (up 3.0% year-on-year), operating profit of 4,430 million yen (up 1.3%), and net profit of 3,145 million yen (up 3.4%), exceeding the previous forecast of 4,000 million yen in operating profit and marking a turnaround to profit growth, which was well received by the market.
Although total sales volume in Japan and overseas declined 2.3% year-on-year, this was offset by significant growth in sales in the Chinese market, combined with higher unit prices due to the weaker yen and other factors. The company maintained its full-year earnings forecast for the fiscal year ending September 2026, projecting sales of 33,950 million yen (up 4.9% from the previous year), operating profit of 8,370 million yen (down 5.9%), and net profit of 5,940 million yen (down 6.0%).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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