Sanyo Denki Co., Ltd. (6516.T), a cooling and power systems manufacturer, Friday reported higher earnings in its first half period, and maintained its fiscal-year outlook.
On the Tokyo Stock Exchange, the stock was trading 7.05 percent higher at 3950 yen.
Japan-based Sanyo's profit attributable to owners of parent surged by 119.3 percent to 3.51 billion yen from 1.60 billion yen in the prior year. Earnings per share were 98.74 yen, higher than 44.74 yen a year ago.
For the reported period, operating profit rose 59.1 percent to 4.85 billion yen from 3.05 billion yen the earlier year.
In the first-half, revenue grew 9.2 percent to 50.78 billion yen from 46.53 billion yen last year.
For the full year, Sanyo still expects profit attributable to owners of the parent to be 8.5 billion yen, up 50.8 % from last year, and basic earnings per share to be 237.59 yen.
Operating profit is expected to be up 45 percent to 11.55 billion yen, and revenue to be 107.1 billion yen, an increase of 9.5 percent from last year.
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