Hi-Lex Corporation raises full-year forecast as profitability improves

Hi-Lex Corporation has revised its full-year consolidated financial forecast for the fiscal year ending October 2025 upward, with a notable increase in projected net profit. The revised forecast now expects net sales of JPY 301,068 million, operating profit of JPY 3,152 million, ordinary profit of JPY 6,047 million, and profit attributable to owners of parent of JPY 3,885 million, translating to JPY 103.83 per share. This represents a substantial increase from the previous forecast, with operating profit up 31.3% and profit attributable to owners of parent up 94.2%.

The revision is primarily attributed to better-than-expected profitability, particularly in Korea and Mexico, due to cost reductions, improved productivity, and cost controls. While sales in North America and Europe were impacted by production decreases from major customers, overall sales remained in line with initial forecasts. The company also announced a revised full-year dividend forecast of JPY 46.00 per share, up from JPY 40.00 in the previous fiscal year.

For the nine months ended July 31, 2025, Hi-Lex reported net sales of JPY 227,679 million, a 3.3% decrease year-on-year, but operating profit surged by 141.5% to JPY 3,152 million, and ordinary profit increased by 93.0% to JPY 5,866 million. Profit attributable to owners of parent for the period was JPY 3,401 million, a 13.5% decrease from the previous year, with basic earnings per share at JPY 90.67.