Yokohama Wright Industries revises upward full-year earnings forecast

Yokohama Wright Industries announced an upward revision of its full-year earnings forecast for the fiscal year ending February 28, 2025, citing increased sales and improved profitability. The company now expects sales of JPY2,992 million, up from the previous forecast of JPY2,160 million. Operating profit is projected to reach JPY285 million, a substantial increase from the earlier estimate of JPY71 million. Similarly, recurring profit is revised upward to JPY293 million from JPY82 million, and net profit attributable to owners of the parent is now forecasted at JPY92 million, compared to the initial JPY51 million. Earnings per share are expected to be JPY1,957.95.