Asia
Kumiai Chemical Industry Raises H1 Earnings Forecast
Kumiai Chemical Industry (TYO:4996) raised its consolidated earnings forecast for its fiscal first half, according to a Tokyo bourse filing on Tuesday.The Japan-based agrochemical manufacturer now expects net income attributable to owners of the parent to reach 8.7 billion yen in the six months ended April 30 from the previous estimate of 4.4 billion yen.Earnings per share are expected to come in at 72.24 yen, up from the previous outlook of 36.54 yen.Net sales are now projected to reach 102.9 billion yen from 92.8 billion yen earlier, on higher shipments of agricultural chemicals and agriculture-related business due to sales promotion.
TYO:4996
