アイビー化粧品 revised its first-half earnings forecast upward and also raised its full-year forecast. Existing products performed well in September, and plans for new products commemorating the company's 50th anniversary have been reported.
アイビー化粧品's share price rebounded sharply. The response has spread rapidly following the upward revision announced the previous day. The company raised its first-half operating profit forecast from ¥150 million to ¥210 million, representing a 1.4% increase year on year. It also raised its full-year forecast from ¥330 million to ¥390 million, maintaining a level approximately double that of the previous fiscal year.
The upward revision was attributed in part to strong sales of existing regular products in September, after the extreme heat subsided. The second-half earnings forecast, however, remains unchanged.
The company is planning a major new product to commemorate its 50th anniversary, which has been reported as a potential factor for further upside in earnings. Many in the market view this as a key point of focus going forward.