AI Holdings raises full-year earnings forecast after NAKAYO acquisition

Ai Holdings Corporation (TSE:3076) announced an upward revision to its full-year consolidated earnings forecast for the fiscal year ending June 2025, primarily driven by the acquisition of NAKAYO, INC. The revised forecast anticipates profit attributable to owners of parent increasing to JPY21,305 million from the previous estimate of JPY17,805 million, representing a 19.7% increase. Sales and operating profits remain unchanged in the revised forecast. NAKAYO became a consolidated subsidiary on April 9, 2025, and will become a wholly-owned subsidiary on June 17, 2025. The forecast revision reflects the anticipated recognition of negative goodwill arising from the difference between the acquisition price and NAKAYO's net assets as of the acquisition date. This gain will be recorded as extraordinary income in the fourth quarter.