Goldwin raises full-year earnings forecast amid strong performance

Goldwin Inc. (TSE:8111) announced an upward revision to its full-year earnings forecast for the fiscal year ending March 31, 2025, in a statement released today. The company now projects consolidated net sales of ¥132 billion, a slight decrease from the previous forecast of ¥133.2 billion. However, operating profit is revised upwards from ¥18.1 billion to ¥21 billion, and net profit attributable to owners of parent is expected to be ¥24 billion, a substantial increase from the initial ¥21 billion forecast. The earnings per share are also expected to increase from 466.24 yen to 535.61 yen. This revision is attributed primarily to increased dividend income from equity method affiliates which resulted in greater non-operating profit on the individual financial statements. Furthermore, the update incorporates revised forecasts for selling, general, and administrative expenses.