Happinet revised its second-quarter earnings forecast upward, raising its operating profit forecast from ¥7.8 billion to ¥13.5 billion. The company attributed the increase to strong sales of lottery products and trading cards in its toy business, as well as growth in capsule toy sales in its amusement business.
Happinet revised its second-quarter earnings forecast upward, setting operating profit at ¥13.5 billion. This represents an upward revision from the previous forecast of ¥7.8 billion. The revision was announced close to the earnings reporting period.
In the toy business, sales of lottery products for convenience stores and trading cards remained strong. These were said to have boosted revenue and operating profit.
In the amusement business, capsule toy sales grew sharply on the success of hit products, reportedly contributing to overall results.