ＧＬＯＥ revised its current-period ordinary profit forecast upward fourfold, from the previous forecast of ¥22 million to ¥89 million. Ordinary profit for the first quarter to date was ¥152 million, and revenue exceeded the plan.
ＧＬＯＥ announced its financial results after the market close on 13 November, reporting consolidated ordinary profit of ¥152 million for July-September. At the same time, it revised its full-year ordinary profit forecast upward fourfold, from the previous forecast of ¥22 million to ¥89 million.
The reasons for the revision included revenue exceeding the plan as transactions with key customers expanded and large new customers were acquired in the e-sports and event services business, as well as an improved gross profit margin resulting from better project profitability and fewer unprofitable projects, together with progress in controlling selling, general and administrative expenses.
From the second quarter onward, performance is expected to remain concentrated in the first quarter, when large-scale events are concentrated, and the business may be structured such that profit declines, including investments in personnel, content creation and SCOP. The revenue outlook was left unchanged from the previous forecast.