FELISSIMO shares rebound as H1 net profit beats guidance, swings to growth from expected decline
FELISSIMO CORPORATION <3396> shares rebounded after the company announced after the close on Oct. 1 that its consolidated financial results for the August interim period, currently being compiled, showed net sales came in slightly below guidance at 14.147 billion yen, down 0.8% year-on-year from a previously forecast 14.622 billion yen. However, operating profit exceeded expectations at 1.22 billion yen (down 39.6% year-on-year) compared with an initial forecast of 1.02 billion yen, while net profit reached 2.31 billion yen (up 7.4% year-on-year), beating an earlier projection of 1.33 billion yen. The turnaround from an expected decline to actual profit growth was well received by the market. While net sales and operating profit landed broadly in line with guidance, net profit was boosted by foreign exchange gains stemming from currency fluctuations.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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