SE Holdings and Incubations revised its earnings forecasts upward, raising first-half operating profit to ¥750 million and its full-year outlook to ¥1.1 billion. The company is now expected to return to double-digit profit growth year on year, with upside in investment management revenue cited as the driver.
SE Holdings and Incubations announced an upward revision to its earnings forecasts the previous day, raising first-half operating profit from ¥420 million to ¥750 million, an increase of 93.8% year on year. The full-year operating profit outlook was also revised upward from ¥850 million to ¥1.1 billion, representing an expected 15.2% increase from the previous fiscal year.
The new full-year outlook indicates a shift from the previous forecast for a double-digit decline in profit to double-digit growth. The expected significant outperformance of the previous forecast for investment management revenue was cited as the background.
Even compared with first-quarter results, the upside is viewed as greater than expected. This is expected to create a phase in which the stock market's assessment improves.