Hi-Lex raises interim earnings forecast substantially

Hi-Lex Corporation today announced a revised earnings forecast for the second quarter (interim period) of fiscal year 2025. The company now expects sales of JPY 152,347 million, up from the previous forecast of JPY 147,900 million. Operating profit is projected to be JPY 2,343 million, a substantial increase from the initial JPY 1,100 million. Ordinary profit is now forecast at JPY 3,240 million, compared to the earlier estimate of JPY 2,100 million. Net profit attributable to owners of the parent is expected to reach JPY 1,779 million, a significant rise from the previous JPY 900 million. This translates to earnings per share of JPY 47.42. The upward revision is attributed to strong performance in Japan, South Korea, and China, coupled with cost reductions and efficiency improvements in its Korean, Mexican and Chinese subsidiaries. While the interim earnings forecast has been revised upwards, the full-year consolidated earnings forecast remains unchanged, citing uncertainties related to US tariff policies.