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TRANSACTION Rises for Fourth Consecutive Day as Interim Results Beat Guidance on Early Success of Medium-Term Plan Initiatives
TRANSACTION CO.,Ltd. <7818> rose for the fourth consecutive day. After trading closed on the 7th, the company announced that its consolidated results for the interim period ending in February, currently being finalized, are expected to exceed initial forecasts, with sales reaching \14.845 billion (up 9.9% year-on-year) versus the previous forecast of \14.34 billion, operating profit at \3.166 billion (up 16.2% year-on-year) versus \2.873 billion, and net profit at \2.117 billion (up 7.7% year-on-year) versus \1.944 billion. This announcement has been viewed positively by the market.
The upside performance was attributed to early achievements in key strategies outlined in the medium-term business plan, including "expansion of e-commerce and entertainment (IP) businesses," "strengthening of eco-products, climate change countermeasure and disaster prevention products, travel-related products, and pet wear and related products," "capturing trend demand in sales promotion," and "strengthening of proprietary manufacturing facilities." By sales channel, sales to "end users" and "e-commerce" grew significantly, while by product category, "eco-products" and "lifestyle products" performed strongly.
Source: MINKABU PRESS
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