It was reported that Koei Tecmo Holdings had raised its first-half ordinary profit forecast, with strong game sales and an improvement in non-operating income and expenses said to have contributed. There were also reports that the stock had rebounded in the market.
Koei Tecmo Holdings announced that it had raised its first-half ordinary profit forecast. The company's earnings outlook was consequently reported to have improved.
The first factor cited for the announcement was strong game sales. Sales of new releases and popular titles are believed to have supported profit.
The upside in non-operating income and expenses was also said to have contributed. Improvement in the income from a particular item was reported to have lifted the overall profit level.