Ivy Cosmetics raised its first-half earnings forecast and also revised its full-year forecast upward. First-half operating profit is now expected to rise from ¥150 million to ¥210 million, while the full-year forecast has been raised from ¥330 million to ¥390 million. A large new product commemorating the company's 50th anniversary is planned.
Ivy Cosmetics rallied sharply following the upward revision to its first-half earnings forecast announced the previous day. First-half operating profit was raised from the previous forecast of ¥150 million to ¥210 million, while the full-year forecast was revised from ¥330 million to ¥390 million.
The company expects first-half profit to increase 1.4% year on year. Although the second-half forecast itself remains unchanged, a large new product commemorating the company's 50th anniversary is planned, and some market participants expect further upside.
The backdrop includes a recovery trend following the prolonged heatwave and strong sales of existing regular products. The timing of the new product launch and specific figures have not been disclosed, but initiatives aimed at growth are expected to continue.