Takara Tomy sharply raised its first-half operating profit forecast and also increased its full-year outlook. Sales growth in Kidults products is believed to have contributed.
Takara Tomy raised first-half operating profit from ¥11.5 billion to ¥16.3 billion, up 39.0% year on year. It also raised full-year operating profit from ¥26 billion to ¥30 billion, up 23.7% from the previous fiscal year.
The shares extended their gains sharply, while sales growth in Kidults products was cited as a factor behind the earnings revision.
The full-year consensus forecast had been approximately ¥27 billion, so the revised forecast is above it. However, the revision applies only to the first half, and some view the company as being in a position where further earnings growth is expected going forward.
The article provides no specific additional information, and further reports are awaited.