YOKOWO announced on 6 August that it had revised its forecast for consolidated ordinary profit for the current fiscal year upward to ¥2.18 billion from the previous forecast. The full-year forecast was raised to ¥7.9 billion, and the company expects to post a record-high profit for the first time in 5 fiscal years.
YOKOWO announced its results, reporting consolidated ordinary profit of ¥2.18 billion for the April-June quarter, a sharp 7.0-fold increase from the year-earlier period. Sales also rose significantly year on year, while profit margins improved.
The full-year outlook was also revised upward, from the previous forecast of ¥6.5 billion to ¥7.9 billion. The increase in profit is expected to widen to approximately 42.9%, with the company forecast to post a record-high profit for the first time in 5 fiscal years.
The first-half outlook was also revised upward, with ordinary profit for April-September expected to reach ¥3.8 billion, a substantial improvement from ¥1.3 billion in the year-earlier period. In the most recent 3-month period, 1Q sales continued to improve year on year, accompanied by improvements in sales and profit margins.