Isetan Mitsukoshi Holdings announced that it had raised its ordinary profit forecast for the current fiscal year by 4% from its previous forecast. The revised figures, based on the earnings summary, were disclosed, providing new information on the outlook for future results.
In a preliminary earnings report, Isetan Mitsukoshi Holdings raised its ordinary profit forecast for the current fiscal year by 4% from its previous forecast. The revised figures also include forecasts for revenue and operating profit, providing information underlying the outlook for future results.
For the cumulative first-quarter results, covering 24.04-06, the company reported revenue of ¥129,694 million, ordinary profit of ¥21,209 million and net profit of ¥13,702 million. All metrics were trending higher year on year, and progress toward the full-year forecast was reported at 54.8%.
In the revision to its current-year forecasts, the company set revised forecasts of revenue of ¥562,000 million, operating profit of ¥84,000 million, ordinary profit of ¥83,000 million and net profit of ¥63,000 million. Revised EPS was ¥181.14, while the revised dividend per share was ¥80. The revision rates from the previous forecasts represented upward revisions for all items.
The upward revision suggests an improved full-year outlook for the current fiscal year, which could affect how the underlying current-year results are viewed. An earnings summary PDF was attached, setting out specific figures together with the disclosed reasons for the revisions.