Central Glass raises full-year net profit forecast to 8 billion yen

Earnings
โดย Reuters·JP·Read original
Summary · why it matters

Central Glass on the 10th revised upward its consolidated net profit forecast for the fiscal year ending March 2027 to 8 billion yen, down 4.3% from the previous year, from the previous forecast of 7.2 billion yen. The upward revision reflects a solid first-quarter performance, helped by price increases for specialty gas products in the electronic materials business. Consolidated net profit for the April–June quarter came to 3.9 billion yen, 4.68 times the same period a year earlier, as the impact of higher raw material costs was offset by the weaker yen, price hikes, and the elimination of a temporary revenue decline in resist materials. The annual dividend forecast was kept unchanged at 170 yen.

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Electrification & Mobility · 1 stocks
Central Glass Co., Ltd.
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Price increases for specialty gas products and resist materials drove profit forecast upgrade.