System Location raises first-half earnings forecast on strong performance

System Location Co., Ltd. has revised its consolidated earnings forecasts for the second quarter (cumulative) of the fiscal year ending March 31, 2026. The revised forecast for net sales is JPY 862 million, an increase of 2.7% from the previously announced JPY 840 million. Operating profit is now projected at JPY 320 million, a substantial 33.4% increase from JPY 240 million. Ordinary profit is expected to reach JPY 348 million, up 31.2% from JPY 265 million, and profit attributable to owners of parent is revised to JPY 221 million, a 30.3% increase from JPY 170 million. This translates to a revised interim basic earnings per share of JPY 62.78, up from JPY 48.18.

The company attributed the improved performance to better-than-anticipated sales from existing and new products, coupled with reduced cost of sales and selling, general, and administrative expenses. Despite the upward revision for the first half, System Location has maintained its full-year consolidated earnings forecast, citing ongoing investments in AI-driven product enhancements and new product development for the used car business, alongside conservative projections for its South Korean subsidiary.

The forecast for the annual dividend per share of JPY 38, disclosed in the financial results for the fiscal year ending March 2060, remains unchanged.