Celsys Forecasts Up to 42% Rise in First-Half Profit; Shares Rise 5%
Celsys (TYO:3663) raised its first-half net profit forecast to 42.3% at 1.50 billion yen, up from its previous forecast of 1.05 billion yen for the six months ended June 30, according to a Tokyo bourse filing on Friday. The company raised its net sales forecast to 5.56 billion yen, up from its previous forecast of 5.02 billion yen, a 10.8% year-on-year increase from 4.74 billion yen, as one-time contracts for Clip Studio Paint subscriptions reached a record high. The company projects its operating profit at 2.22 billion yen and ordinary profit at 2.24 billion yen, from its earlier outlook. The basic earnings per share for the period are revised to 50.50 yen, compared to the earlier forecast of 35.57 yen. The EPS stood at 28.43 in the year-ago period. For the full year ending December 31, results and dividend forecasts remain unchanged. Shares of the technology company rose 5% in recent trade.
Celsys (TYO:3663) raised its first-half net profit forecast to 42.3% at 1.50 billion yen, up from its previous forecast of 1.05 billion yen for the six months ended June 30, according to a Tokyo bourse filing on Friday.
The company raised its net sales forecast to 5.56 billion yen, up from its previous forecast of 5.02 billion yen, a 10.8% year-on-year increase from 4.74 billion yen, as one-time contracts for Clip Studio Paint subscriptions reached a record high.
The company projects its operating profit at 2.22 billion yen and ordinary profit at 2.24 billion yen, from its earlier outlook.
The basic earnings per share for the period are revised to 50.50 yen, compared to the earlier forecast of 35.57 yen.
The EPS stood at 28.43 in the year-ago period.
For the full year ending December 31, results and dividend forecasts remain unchanged.
Shares of the technology company rose 5% in recent trade.