Ube Industries revises upward earnings forecast for fiscal year

Ube Industries (TSE:4208) has updated its consolidated earnings forecast for the fiscal year ending March 31, 2025, initially announced on January 28, 2025. The company now projects net sales of JPY486.8 billion, slightly down from the previous forecast of JPY490.0 billion. However, operating profit is revised upward to JPY18.0 billion from JPY16.0 billion, and ordinary profit is increased to JPY22.4 billion from JPY20.0 billion. The forecast for the net loss attributable to owners of the parent has been significantly narrowed to JPY4.8 billion from a loss of JPY17.5 billion.