VIA Holdings raised its full-year forecast to a profit. First-quarter net profit was approximately ¥45 million, prompting the company to revise its first-half and full-year outlooks to profits.
On 12 August, VIA Holdings released its financial results. Consolidated net profit for the first quarter (April-June) was approximately ¥45 million, down 2.2% year on year.
The company raised its full-year earnings forecast from a previous loss of ¥50 million to a profit of ¥30 million. The previous year’s result was also reported as a loss of ¥512 million.
The first-half forecast (April-September) was likewise revised upward from a previous loss of ¥50 million to a profit, compared with a loss of ¥93 million in the same period of the previous year.
In the latest three-month period, April-June revenue was ¥4,280 million, operating profit was ¥158 million and net profit was approximately ¥45 million, representing a significant improvement.