Pole To Win Holdings surges as Q1 operating profit swings to black on restructuring benefits
Pole To Win Holdings <3657> surged after announcing after the market close on June 12 that its consolidated earnings for the first quarter through April swung to an operating profit of 266 million yen, reversing a 22 million yen loss from the same period a year earlier. The strong turnaround was well received by investors, as the profit figure already represents 88% of the company's first-half target.
Net sales fell 11.9% year-on-year to 11.24 billion yen, dragged down by its exit from the media and content business. However, Pole To Win stabilized its earnings base through aggressive restructuring, including headcount reductions in its overseas solutions division and a significant decrease in amortization costs.
The company left its full-year guidance for the fiscal year ending January 2027 unchanged, projecting net sales of 47.08 billion yen (down 3.6% year-on-year) and an operating profit of 2.01 billion yen, recovering from an operating loss of 238 million yen in the previous year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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