OLC announced its second-quarter results, reporting operating profit of ¥30.8 billion, up 4.4% year on year and above market expectations. The full-year forecast was also revised upward, with double-digit profit growth now expected.
OLC announced its second-quarter results, reporting operating profit of ¥30.8 billion for July-September, up 4.4% year on year. The result was approximately ¥1.5 billion above market expectations, prompting a sharp reaction in the share price.
The full-year profit forecast was raised from the previous ¥160.8 billion to ¥185.5 billion, representing growth of approximately 10.1% from the previous fiscal year and an upward revision to a double-digit profit-growth outlook. Market consensus is estimated at approximately ¥182.0 billion.
The theme park business is performing well, while the impact of the prolonged rainy season, which had been a concern, was reportedly limited.
There is speculation that no particular decline in demand has been seen even after the price revisions.