Fuso Chemical Raises Full-Year Profit Forecast Amid Subsidy
Fuso Chemical (TYO:4368) revised its consolidated earnings forecasts for half-year and full fiscal year ending March 2027 after it received a subsidy of 3.69 billion yen, which it will recognize as extraordinary income.The subsidy is related to ultra-high purity colloidal silica production facilities at its Kyoto Plant, according to a Wednesday filing.For the full year, profit attributable to owners of parent is now projected to rise to 19.2 billion yen from 16.6 billion yen, with EPS estimates increasing to 181.48 yen from 156.90 yen.Half-year attributable profit forecast was also revised upward to 10.5 billion yen from 7.85 billion yen, with EPS rising to 98.77 yen from 74.19 yen.Net sales and operating profit forecasts remain unchanged at 85.8 billion yen and 24.3 billion yen, respectively, for the full year. These projections were also not revised for the half-year period.
