RORZE announced a substantial upward revision to its current-period ordinary profit forecast, adding to its record-high profit forecast and increasing its dividend. Ordinary profit for the cumulative first 2 quarters was ¥24.5 billion, a significant increase from the previous fiscal year, and the full-year forecast was raised to ¥54.8 billion.
In its earnings announcement after the market close on 8 October, RORZE reported consolidated ordinary profit of ¥24.5 billion for the cumulative first 2 quarters, up 68.4% year on year. In response, it raised its full-year ordinary profit forecast from the previous ¥38.2 billion to ¥54.8 billion and substantially increased the projected earnings growth rate.
At the same time, the company projected consolidated ordinary profit of ¥30.3 billion for the September-February period, a substantial increase from the same period of the previous fiscal year. Ordinary profit for June-August rose 85.5% year on year to ¥13.6 billion.
In its results for the latest 3 months of the second quarter, revenue remained at a high level compared with the previous fiscal year, while the profit margin relative to revenue also improved. The year-end dividend was revised up from the previous plan of ¥20 to ¥28.
The company has also disclosed a revision to its current-period earnings forecast, and further disclosures are expected to attract attention.