Brangista's revenue declined year on year, while net profit increased significantly due to special profit from the sale of assets held by the company. Growth in the core business is also expected this fiscal year, with the full-year results announcement scheduled for 16 November.
Brangista's revenue was revised down from its previous outlook, declining from ¥5.6 billion to ¥5.38 billion. By contrast, net income attributable to owners of the parent was revised significantly upward, from ¥2 billion to ¥2.55 billion. The sale of investment securities, which generated special profit, was cited as the reason.
Although revenue in the core Solutions Business is expected to fall short of the previous fiscal year's forecast due to changes in the demand environment, it is expected to increase from the previous fiscal year's actual results. The company plans to achieve revenue and profit growth for 4 consecutive periods and set a new record for its highest-ever results.
Securing free cash flow is being emphasized in terms of cash management, and the company explained that the status of cash collection will be key to assessing financial stability. The relationship between cash movements and the progress rate was identified as a point of focus ahead of the results announcement.
The focus going forward will be the full-year results announcement scheduled for 16 November, when investors will assess how the final revenue figures and the demand environment for the Solutions Business are reflected in specific numbers.