Toho revises full-year forecast upward on asset sale

Toho reported Q1 revenue of 84.9bn yen, down 1.3% year-over-year, and operating profit of 19.3bn yen, down 21.3%.

However, the company revised its full-year net profit forecast upward by 16% to 43.5bn yen, driven by an expected 8.9bn yen gain from selling two listed equity securities as part of its strategy to reduce policy-held shares.