i-mobile turns positive in afternoon session on buyback plan of up to 1.2 million shares

i-mobile Co.,Ltd. <6535> shares turned positive in afternoon trading after announcing around noon a share buyback of up to 1.2 million shares (2.14% of issued shares excluding treasury stock), worth up to 700 million yen. The acquisition period runs from June 12 to 30, with shares to be repurchased through off-exchange trading (ToSTNeT-3) on the Tokyo Stock Exchange and open market purchases.

Simultaneously, i-mobile reported consolidated earnings for the first nine months (August 2025-April 2026), with net sales up 3.0% year-on-year to 19.28 billion yen, operating profit down 15.0% to 3.38 billion yen, and net profit down 16.1% to 2.44 billion yen.

Revenue grew on expanded donations via its Furunavi business, strong app operations, and contributions from the green energy business. However, selling, general, and administrative expenses rose due to higher first-quarter promotional costs, restructuring expenses for the internet advertising unit, and human capital investments.

The company maintained its full-year forecast for the year ending July 2026, projecting net sales of 22 billion yen, operating profit of 4.5 billion yen, and net profit of 3.12 billion yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.