PPIH raises full-year earnings forecast on strong performance

Pan Pacific International Holdings Corporation announced an upward revision to its consolidated earnings forecast for the fiscal year ending June 30, 2025. The revision, released on February 13, 2025, adjusts the operating profit forecast from ¥150.0 billion to ¥155.0 billion, and net profit attributable to owners of the parent from ¥86.5 billion to ¥90.0 billion, translating to an increase in earnings per share from ¥144.90 to ¥150.74. The company attributed the upward revision to the advancement of business performance in the interim period ended February 13, 2025, coupled with a favorable outlook for the second half of the fiscal year, which has outweighed concerns on the outlook for global and regional economies. The company maintains its sales forecast unchanged at ¥2,220.0 billion. The company's previous forecast was released on August 16, 2024.