After the market close on 27 August, DyDo and AUTOBACS disclosed earnings information. DyDo raised its ordinary profit forecast for the current fiscal year and expects a record-high profit. AUTOBACS raised its net profit forecast for the current fiscal year and expects to set a new record high.
In earnings announced after the market close on 27 August, DyDo raised its consolidated ordinary profit forecast for the current fiscal year from the previous forecast of ¥8.4 billion to ¥9.4 billion, or 11.9%, with the growth rate also increasing and profit expected to exceed its previous record-high forecast. The company attributed the revision to its overseas beverage business performing ahead of the initial forecast, together with an expected continuation of improved profitability in its domestic beverage business.
AUTOBACS raised its consolidated net profit forecast for the current fiscal year from the previous forecast of ¥9.0 billion to ¥11.2 billion, or 24.4%, with the growth rate also increasing substantially, and expects to set a new record high for the first time in 30 fiscal years. At the same time, the company is expected to record approximately ¥2.3 billion in extraordinary losses, including losses on business restructuring, in connection with the transfer of shares in AUTOBACS FRANCE, a specified subsidiary. However, the recognition of approximately ¥4.5 billion in deferred tax assets and adjustments to income taxes is expected to boost net profit.
The earnings releases scheduled for 28 August include first-quarter and third-quarter results from アイダ and キタック.