AVAL DATA raised its full-year net profit forecast to 2.0 times the previous forecast. First-quarter net profit for April-June came to ¥310 million, up 3.5-fold year on year.
AVAL DATA announced its financial results after the market close on 13 August, reporting first-quarter net profit of ¥310 million on a non-consolidated basis for the fiscal year ending March 2027, up 3.5-fold year on year.
The full-year net profit forecast was raised from the previous forecast of ¥910 million to ¥1.9 billion, with profit expected to increase 3.4-fold.
The first-half forecast for April-September was also raised 3.0-fold, from ¥420 million to ¥1.25 billion. Profit is expected to increase 4.4-fold, reaching a record high for the first half.
For the most recent three months, 1Q revenue was ¥2,939 million, operating profit was ¥379 million and net profit was ¥311 million. The ordinary profit margin on revenue improved from 5.1% to 12.9%.