THECOO sharply raised its ordinary profit forecast for the current period from its previous forecast and maintained its record-high profit forecast. Cumulative ordinary profit for the second quarter has expanded to ¥310 million.
THECOO announced its earnings after market close on 12 August, reporting that cumulative ordinary profit for the second quarter (January–June) surged to ¥310 million, 10 times the level of the same period a year earlier.
The company raised its full-year ordinary profit forecast 2.4-fold, from the previous forecast of ¥300 million to ¥720 million. The profit growth forecast widened from 39.5% to 3.3-fold, further lifting its forecast for record-high profit.
Based on first-half results and the second-half outlook, ordinary profit for July–December is expected to reach ¥400 million, 2.2 times the level of the same period a year earlier. Second-quarter results expanded to ¥160 million for April–June, while the operating profit margin on sales improved from 2.0% to 11.1%.