Krscorporation's interim profits dip despite revenue growth

Krscorporation (TSE:9369) announced its second-quarter financial results, revealing a 4.5% year-over-year increase in operating revenue, reaching JPY99,660 million. However, operating profit decreased by 5.2% to JPY3,071 million, and net income attributable to owners of the parent decreased 11.4% to JPY1,467 million. The company attributes the revenue growth to the Joint Logistics segment, but profit declines across several segments, partly due to higher costs. For the full fiscal year, Krscorporation projects operating revenue of JPY200,000 million, a 2.5% increase over the prior year, and net income attributable to owners of the parent to fall to JPY2,300 million a 13.6% drop. The company has increased its dividend forecast for the year by JPY4 to JPY27.50.