AIT's June-August Current Profit Rises 11.2% to 1.21 Billion Yen

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Summary · why it matters

According to earnings announced by AIT at noon on October 9, consolidated current profit for the second quarter of the June-August period rose 11.2% year on year to 1.21 billion yen, while the operating profit margin was essentially flat, edging from 7.1% a year earlier to 7.3%. For the cumulative first half covering March through August, consolidated current profit came to 2.39 billion yen, down 0.3% year on year, putting progress toward the full-year plan of 4.96 billion yen at 48.2%, roughly in line with the five-year average of 49.6%. Based on the company's unchanged full-year plan and the first-half results, second-half consolidated current profit works out to 2.57 billion yen, up 12.6% year on year.

Impact on assets 1

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AIT Corporation
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AIT's Q2 current profit rose 11.2% YoY to 1.21 billion yen with a slightly higher operating margin, and H1 progress toward the full-year plan is in line with the five-year average.