Tokyo Energy & Systems raises earnings forecast significantly

Tokyo Energy & Systems (TSE:1945) has revised its consolidated and non-consolidated earnings forecasts for the fiscal year ending March 31, 2025, citing significant improvements over previous estimates. The company now projects consolidated operating profit of JPY2.6 billion, up from the initial forecast of JPY1.0 billion, and expects profit attributable to owners of the parent to reach JPY2.9 billion, a substantial increase from the earlier JPY1.5 billion. Basic earnings per share are now estimated at JPY86.64.