GiG Works raises fiscal year October 2026 earnings forecast
GiG Works Inc. <2375> announced after the close today it revised upward its consolidated forecast for the year ending October 2026. The company raised its revenue forecast to 23 billion yen from 22 billion yen (up 3.3% year-on-year), operating profit to 400 million yen from 240 million yen, and net profit to 50 million yen from 10 million yen.
The revision reflects strong performance in its core On-Demand Economy segment, driven by IT-savvy registered gig workers, and the System Solutions segment, which provides IT engineer-led system development services. Additionally, head office efficiency improvements and cost reviews led to shared cost reductions that exceeded initial plans.
GiG Works also reported first-half results for the six months ended April. Revenue rose 3.5% year-on-year to 11.451 billion yen, while operating profit reached 290 million yen, reversing a 370 million yen operating loss a year earlier, and net profit fell 91.9% to 9 million yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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