Ines Corp. revises downward full-year earnings forecast

Ines Corporation (TSE:9742) announced a revision to its full-year consolidated earnings forecast for the fiscal year ending March 31, 2025. The company now projects sales of ¥41.0 billion, down from the previous estimate of ¥44.0 billion. Operating profit is revised to ¥3.3 billion, a decrease from the initial ¥4.0 billion, and net income attributable to the parent company is also adjusted to ¥2.2 billion, down from ¥2.7 billion. This represents a 18.5% drop. The revision is attributed to delays in the implementation schedule of the "Standardization of Local Government Information Systems," pushing revenue recognition into subsequent periods. The company maintains its previously announced year-end dividend forecast of ¥30 per share.