System Location, listed on the TSE Standard market, announced an earnings forecast revision after the close of trading on 23 October, raising its forecast for consolidated first-half net profit to ¥280 million, representing expected growth of 26.5% year on year. The full-year forecast was also raised to ¥460 million, with the expected profit growth rate increasing from 37.0% to 56.6%. The revision includes the recognition of extraordinary income in the interim period.
After the close of trading on 23 October, System Location, listed on the TSE Standard market, revised its forecast for consolidated first-half net profit upward from ¥200 million to ¥280 million. The company expects profit to increase from ¥220 million in the same period of the previous year.
Following the first-half upward revision, the full-year forecast for consolidated net profit was also raised from ¥400 million to ¥460 million, with the expected profit growth rate increasing from 37.0% to 56.6%. The company may post a record-high profit for the first time in 5 fiscal periods.
The company cited the recognition of a gain on the sale of Garage Bank shares as extraordinary income as the reason for the revision. As a result, interim net profit attributable to owners of the parent is expected to significantly exceed the previous forecast, contributing to the upward revision.
Looking ahead, attention will focus on how the revised earnings forecast for the current fiscal year affects the market. The article includes PDF links to the earnings summary and IR materials, and the accuracy of the figures is based on those materials.