Appirits rebounds sharply after upward earnings revision, turning profitable on an operating basis in the first half

The story

Appirits announced an upward revision to its earnings forecasts the previous day. First-half operating results turned from the previously forecast ¥170 million loss to a ¥170 million profit.

Full-year operating profit was raised from ¥230 million to ¥460 million. Cost reductions are believed to have progressed, with cost optimization in the Web Solutions and Oshi Culture & Games segments contributing to the improvement.

The company also reportedly incorporated ¥100 million in additional R&D investment for the full year.

At a glance

Upward revision announcedRaised its forecasts for the first half and full year in the previous day's announcement

Turned profitable in the first halfFirst-half operating results improved from a ¥170 million loss to a ¥170 million profit

Raised full-year profit forecastRaised full-year operating profit from ¥230 million to ¥460 million

Drivers and measuresReduced Web Solutions costs and optimized costs in areas including Oshi Culture

Additional investmentIncorporated ¥100 million in additional R&D investment for the full year

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