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Japan Investment Adviser surges in afternoon trading on strong operating lease business, Q1 operating profit up 33%
Japan Investment Adviser Co.,Ltd. <7172> shares jumped in the afternoon session, moving into positive territory. The company's consolidated results for the first quarter (January-March), released around 11:30 a.m., showed sales rose 24.8% year-on-year to 13.76 billion yen, while operating profit climbed 32.9% to 9.27 billion yen. Net profit surged 53.0% to 6.17 billion yen. Investors cheered the brisk performance of the core operating lease business, where investment sales hit a record high for a first quarter.
As of the end of the first quarter, the operating profit progress rate reached 77% against the first-half target of 11.94 billion yen. Despite the strong start, Japan Investment Adviser maintained its full-year forecast for the fiscal year ending December 2026, projecting sales of 48.96 billion yen, operating profit of 23.58 billion yen, and net profit of 13.0 billion yen. The company cited ongoing uncertainty in the Middle East for keeping its outlook unchanged.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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