KOEI TECMO HOLDINGS—Shares rebound sharply as first-half earnings forecasts are revised upward (FISCO)

The story

KOEI TECMO HOLDINGS substantially raised its first-half earnings forecasts. The company announced that its operating profit forecast had been raised from the previous ¥7.0 billion to ¥11.5 billion, while its ordinary profit forecast was lifted from ¥12.0 billion to ¥25.0 billion.

The revision reflects stronger-than-expected sales of major titles released in the previous fiscal year and back-catalogue products.

Although the company left its full-year forecasts unchanged, the outlook could support further upward revisions going forward. The share price has rebounded sharply following the announcement.

At a glance

ProfitRaised first-half operating profit forecast from ¥7.0 billion to ¥11.5 billion

ProfitRaised first-half ordinary profit forecast from ¥12.0 billion to ¥25.0 billion

ForecastFull-year forecast unchanged

FactorStrong sales of major titles and back-catalogue products

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